Philip Ebeling - 16 Feb 2023 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Role: Chief Operating Officer
Signature: /s/ Bryan Phillips, Attorney-in-Fact for Philip Ebeling
Issuer symbol: INSP
Transactions as of: 16 Feb 2023
Net transactions value: -$561,260
Form type: 4
Filing time: 21 Feb 2023, 17:54:58 UTC
Previous filing: 14 Feb 2023
Next filing: 13 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSP	Common Stock	Options Exercise	$1,363,740	+7,000	+2881%	$194.82	7,243	16 Feb 2023	Direct
transaction	INSP	Common Stock	Sale	$1,925,000	-7,000	-97%	$275.00	243	16 Feb 2023	Direct

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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-7,000	-40%	$0.000000	10,300	16 Feb 2023	Common Stock	7,000	$194.82	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option has vested and became exercisable as to 25% of the underlying shares on the first anniversary of December 14, 2020 and the remaining 75% of the underlying shares have vested or will vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates.