Randy Ban - Dec 2, 2022 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Signature
/s/ Bryan Phillips, as Attorney-in-Fact for Randy Ban
Stock symbol
INSP
Transactions as of
Dec 2, 2022
Transactions value $
-$2,427,551
Form type
4
Date filed
12/6/2022, 03:15 PM
Previous filing
Feb 15, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $9.71K +10.3K +3625.61% $0.94* 10.6K Dec 2, 2022 Direct F1
transaction INSP Common Stock Sale -$1.22M -5.19K -48.86% $234.68 5.43K Dec 5, 2022 Direct F2, F3
transaction INSP Common Stock Sale -$460K -1.95K -35.99% $235.29 3.48K Dec 5, 2022 Direct F2, F4
transaction INSP Common Stock Sale -$152K -642 -18.47% $236.64 2.83K Dec 5, 2022 Direct F2, F5
transaction INSP Common Stock Sale -$333K -1.4K -49.4% $238.05 1.43K Dec 5, 2022 Direct F2, F6
transaction INSP Common Stock Sale -$275K -1.15K -80.13% $239.16 285 Dec 5, 2022 Direct F2, F7
holding INSP Common Stock 167 Dec 2, 2022 By son
holding INSP Common Stock 166 Dec 2, 2022 By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -5.33K -96.39% $0.00 200 Dec 2, 2022 Common Stock 5.33K $0.94 Direct F8
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -5K -13.85% $0.00 31.1K Dec 2, 2022 Common Stock 5K $0.94 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 19 additional shares acquired under the Inspire Medical Systems, Inc. 2018 Employee Stock Purchase Plan since the Reporting Person's ownership report filed on January 6, 2022.
F2 The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.11 to $235.05. The reporting person undertakes to provide Inspire Medical Systems, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.11 to $236.24. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.24 to $237.21. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.60 to $238.54. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.66 to $239.60. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The option is fully vested and exercisable.