Randy Ban - Aug 15, 2024 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Signature
/s/ Bryan Phillips, Attorney-in-Fact for Randy Ban
Stock symbol
INSP
Transactions as of
Aug 15, 2024
Transactions value $
-$3,147,796
Form type
4
Date filed
8/19/2024, 08:14 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $680K +16.1K +528.11% $42.15 19.2K Aug 15, 2024 Direct F1
transaction INSP Common Stock Sale -$147K -776 -4.04% $189.06 18.4K Aug 15, 2024 Direct F2
transaction INSP Common Stock Sale -$316K -1.66K -9.01% $190.20 16.8K Aug 15, 2024 Direct F3
transaction INSP Common Stock Sale -$398K -2.07K -12.36% $191.92 14.7K Aug 15, 2024 Direct F4
transaction INSP Common Stock Sale -$221K -1.15K -7.83% $192.60 13.5K Aug 15, 2024 Direct F5
transaction INSP Common Stock Sale -$1.58M -8.13K -60.07% $193.92 5.41K Aug 15, 2024 Direct F6
transaction INSP Common Stock Sale -$458K -2.35K -43.47% $194.91 3.06K Aug 15, 2024 Direct F7
transaction INSP Common Stock Options Exercise $205K +4.86K +159.06% $42.15 7.92K Aug 16, 2024 Direct
transaction INSP Common Stock Sale -$168K -900 -11.37% $187.10 7.02K Aug 16, 2024 Direct F8
transaction INSP Common Stock Sale -$578K -3.07K -43.69% $188.66 3.95K Aug 16, 2024 Direct F9
transaction INSP Common Stock Sale -$170K -895 -22.65% $189.64 3.06K Aug 16, 2024 Direct F10
holding INSP Common Stock 167 Aug 15, 2024 By son
holding INSP Common Stock 166 Aug 15, 2024 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 -16.1K -76.85% $0.00 4.86K Aug 15, 2024 Common Stock 16.1K $42.15 Direct F11
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -4.86K -100% $0.00* 0 Aug 16, 2024 Common Stock 4.86K $42.15 Direct F11
* 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 Includes 27 shares acquired under the Issuer's 2018 Employee Stock Purchase Plan since the Reporting Person's Form 4 dated February 27, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.995 to $189.285. 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.08 to $190.845. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.225 to $192.18. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of 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 $192.26 to $193.22. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.4 to $194.32. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.81 to $195.15. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.90 to $187.71. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.255 to $189.24. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote .
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.26 to $189.855. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The option is fully vested and exercisable.

Remarks:

The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on May 16, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.