Randy Ban - 03 Jan 2023 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Signature
/s/ Bryan Phillips, as Attorney-in-Fact for Randy Ban
Issuer symbol
INSP
Transactions as of
03 Jan 2023
Net transactions value
-$2,511,553
Form type
4
Filing time
05 Jan 2023, 18:01:19 UTC
Previous filing
06 Dec 2022
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $9,400 +10,000 +3289% $0.9400* 10,304 03 Jan 2023 Direct F1
transaction INSP Common Stock Sale $601,488 -2,400 -23% $250.62 7,904 03 Jan 2023 Direct F2, F3, F4
transaction INSP Common Stock Sale $654,264 -2,600 -33% $251.64 5,304 03 Jan 2023 Direct F2, F4, F5
transaction INSP Common Stock Sale $957,265 -3,788 -71% $252.71 1,516 03 Jan 2023 Direct F2, F4, F6
transaction INSP Common Stock Sale $268,002 -1,056 -70% $253.79 460 03 Jan 2023 Direct F2, F4, F7
transaction INSP Common Stock Sale $39,933 -156 -34% $255.98 304 03 Jan 2023 Direct F2, F4, F8
holding INSP Common Stock 167 03 Jan 2023 By son
holding INSP Common Stock 166 03 Jan 2023 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 -10,000 -32% $0.000000 21,090 03 Jan 2023 Common Stock 10,000 $0.9400 Direct F9
* 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 December 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 $250.09 to $251.05, inclusive.
F4 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $251.22 to $252.15, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $252.26 to $253.16, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $253.41 to $254.2966, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.97 to $256.00, inclusive.
F9 The option is fully vested and exercisable.