Steven Jandrich - 28 Aug 2023 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Signature
/s/ Bryan Phillips, as Attorney-in-Fact for Steven Jandrich
Issuer symbol
INSP
Transactions as of
28 Aug 2023
Net transactions value
+$2,350
Form type
4
Filing time
30 Aug 2023, 19:40:28 UTC
Previous filing
16 May 2023
Next filing
31 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $2,350 +2,500 +57% $0.9400* 6,871 28 Aug 2023 Direct
holding INSP Common Stock 478 28 Aug 2023 By daughter
holding INSP Common Stock 478 28 Aug 2023 By son

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 -2,500 -11% $0.000000 19,325 28 Aug 2023 Common Stock 2,500 $0.9400 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option is fully vested and exercisable.