Timothy P. Herbert - Oct 12, 2023 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Role
CEO and President, Director
Signature
/s/ Bryan Phillips, Attorney-in-Fact for Timothy P. Herbert
Stock symbol
INSP
Transactions as of
Oct 12, 2023
Transactions value $
-$13,476,822
Form type
4
Date filed
10/16/2023, 07:53 PM
Previous filing
Sep 13, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $226K +21.8K +20.4% $10.38 128K Oct 12, 2023 By LLC F1
transaction INSP Common Stock Options Exercise $659K +63.5K +364.53% $10.38 80.9K Oct 12, 2023 By Family Trust F2
transaction INSP Common Stock Options Exercise $235K +114K +140.53% $2.07 195K Oct 12, 2023 By Family Trust F2
transaction INSP Common Stock Options Exercise $8.54K +9.09K +4.67% $0.94* 204K Oct 12, 2023 By Family Trust F2
transaction INSP Common Stock Tax liability -$1.59M -10.8K -8.38% $147.88 118K Oct 12, 2023 By LLC F1, F3
transaction INSP Common Stock Tax liability -$4.64M -31.4K -15.4% $147.88 172K Oct 12, 2023 By Family Trust F2, F3
transaction INSP Common Stock Tax liability -$7.76M -52.4K -30.43% $148.02 120K Oct 12, 2023 By Family Trust F2, F3
transaction INSP Common Stock Tax liability -$617K -4.18K -3.48% $147.78 116K Oct 12, 2023 By Family Trust F2, F3
holding INSP Common Stock 1.13K Oct 12, 2023 Direct
holding INSP Common Stock 104K Oct 12, 2023 By Trust F4

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 -21.8K -100% $0.00* 0 Oct 12, 2023 Common Stock 21.8K $10.38 By LLC F1, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -63.5K -100% $0.00* 0 Oct 12, 2023 Common Stock 63.5K $10.38 By Family Trust F2, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -114K -100% $0.00* 0 Oct 12, 2023 Common Stock 114K $2.07 By Family Trust F2, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -9.09K -100% $0.00* 0 Oct 12, 2023 Common Stock 9.09K $0.94 By Family Trust F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities held by the TPH 2022 LLC.
F2 Securities held by the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D November 27, 2013.
F3 Reflects the payment of the relevant exercise price and tax liability incident to the exercise of options by the withholding of common stock.
F4 Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust.
F5 The option is fully vested and exercisable.