Timothy P. Herbert - 24 Jan 2022 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Role
CEO and President, Director
Signature
/s/ Richard Buchholz, as Attorney-in-Fact for Timothy P. Herbert
Issuer symbol
INSP
Transactions as of
24 Jan 2022
Transactions value $
$63,088
Form type
4
Filing time
26 Jan 2022, 19:52:09 UTC
Previous filing
13 Mar 2023
Next filing
31 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Gift $0 -3.5K -40.12% $0.00 5.22K 02 Sep 2021 By family trust F1
transaction INSP Common Stock Options Exercise $11.3K +12.1K +18.32% $0.94* 77.9K 24 Jan 2022 Direct
transaction INSP Common Stock Options Exercise $51.8K +25K +32.09% $2.07* 103K 24 Jan 2022 Direct
holding INSP Common Stock 123K 24 Jan 2022 By family trust F2
holding INSP Common Stock 113K 24 Jan 2022 By GRAT F3
holding INSP Common Stock 350 24 Jan 2022 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 -12.1K -100% $0.00* 0 24 Jan 2022 Common Stock 12.1K $0.94 Direct F4
transaction INSP Stock Option (Right to Buy) Options Exercise $0 -25K -14.15% $0.00 152K 24 Jan 2022 Common Stock 25K $2.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D November 27, 2013.
F2 Shares held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust.
F3 Securities held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust, under agreement dated December 12, 2018.
F4 The option is fully vested and exercisable.