Timothy P. Herbert - 12 Oct 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
Issuer symbol
INSP
Transactions as of
12 Oct 2023
Net transactions value
-$13,476,822
Form type
4
Filing time
16 Oct 2023, 19:53:36 UTC
Previous filing
13 Sep 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 $225,890 +21,762 +20% $10.38 128,413 12 Oct 2023 By LLC F1
transaction INSP Common Stock Options Exercise $659,026 +63,490 +365% $10.38 80,907 12 Oct 2023 By Family Trust F2
transaction INSP Common Stock Options Exercise $235,355 +113,698 +141% $2.07 194,605 12 Oct 2023 By Family Trust F2
transaction INSP Common Stock Options Exercise $8,541 +9,086 +4.7% $0.9400* 203,691 12 Oct 2023 By Family Trust F2
transaction INSP Common Stock Tax liability $1,590,893 -10,758 -8.4% $147.88 117,655 12 Oct 2023 By LLC F1, F3
transaction INSP Common Stock Tax liability $4,639,883 -31,376 -15% $147.88 172,315 12 Oct 2023 By Family Trust F2, F3
transaction INSP Common Stock Tax liability $7,757,876 -52,411 -30% $148.02 119,804 12 Oct 2023 By Family Trust F2, F3
transaction INSP Common Stock Tax liability $616,982 -4,175 -3.5% $147.78 115,629 12 Oct 2023 By Family Trust F2, F3
holding INSP Common Stock 1,133 12 Oct 2023 Direct
holding INSP Common Stock 103,658 12 Oct 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 -21,762 -100% $0.000000* 0 12 Oct 2023 Common Stock 21,762 $10.38 By LLC F1, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -63,490 -100% $0.000000* 0 12 Oct 2023 Common Stock 63,490 $10.38 By Family Trust F2, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -113,698 -100% $0.000000* 0 12 Oct 2023 Common Stock 113,698 $2.07 By Family Trust F2, F5
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -9,086 -100% $0.000000* 0 12 Oct 2023 Common Stock 9,086 $0.9400 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.