Timothy P. Herbert - Dec 20, 2024 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
Dec 20, 2024
Transactions value $
$0
Form type
4
Date filed
12/23/2024, 04:15 PM
Previous filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Other -61.8K -34.43% 118K Dec 20, 2024 By LLC F1, F2
holding INSP Common Stock 63.7K Dec 20, 2024 By Trust F3
holding INSP Common Stock 9.69K Dec 20, 2024 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 Stock Option (Right to Buy) Other -27.3K -34.43% 51.9K Dec 20, 2024 Common Stock 27.3K $42.15 By LLC F1, F2, F4
transaction INSP Stock Option (Right to Buy) Other -28.8K -34.43% 54.9K Dec 20, 2024 Common Stock 28.8K $71.00 By LLC F1, F2, F4
transaction INSP Stock Option (Right to Buy) Other -13.7K -34.43% 26.1K Dec 20, 2024 Common Stock 13.7K $194.82 By LLC F1, F2, F4
transaction INSP Stock Option (Right to Buy) Other -2.92K -34.42% 5.55K Dec 20, 2024 Common Stock 2.92K $227.53 By LLC F1, F2, F5
holding INSP Stock Option (Right to Buy) 9.13K Dec 20, 2024 Common Stock 9.13K $71.00 Direct F4
holding INSP Stock Option (Right to Buy) 17.1K Dec 20, 2024 Common Stock 17.1K $194.82 Direct F4
holding INSP Stock Option (Right to Buy) 12.2K Dec 20, 2024 Common Stock 12.2K $227.53 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the transfer of 52.5% of the membership units of TPH 2022 LLC by the Reporting Person and his spouse in connection with estate planning transactions.
F2 Securities held by TPH 2022 LLC. Subsequent to the transactions reported herein, the Reporting Person is no longer considered the beneficial owner of securities held by TPH 2022 LLC and will no longer report securities held by TPH 2022 LLC on its subsequent reports.
F3 Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust.
F4 The option is fully vested and exercisable.
F5 The original grant of options to purchase 17,773 shares of common stock vested and became exercisable as to 25% of the underlying shares on the first anniversary of February 11, 2022 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.

Remarks:

This Form 4 no longer reports securities held by the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D November 27, 2013 because, subsequent to the Reporting Person's last Form 4, the Reporting Person is no longer considered the beneficial owner of securities held by such trust.