Form 4 for INSP Inspire Medical Systems, Inc.
Accepted 2023-03-13 00:00:00 ET · period of report 2019-04-22 · accession 0001104659-23-031810 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-03-13 | 2019-04-22+ | INSP | Herbert Timothy P. | CEO, Pres, Dir | G - Gift | $0.00 | +46.5K | 107.7K | +76% | $0 |
| M | 2023-03-13 | 2020-03-17+ | INSP | Herbert Timothy P. | CEO, Pres, Dir | G - Gift | $0.00 | -46.5K | 89.4K | -34% | $0 |
| MI | 2023-03-13 | 2023-02-14+ | INSP | Herbert Timothy P. | CEO, Pres, Dir | S - Sale | $275.39 | -31.9K | 17.9K | -64% | -$8.77M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-10-11 | G | A | 35,117 | $0.00 | 36,346 | I | — | — | |
| 2 | Common | Common Stock | 2022-11-21 | G | D | 36,346 | $0.00 | 0 | I | — | — | |
| 3 | Common | Common Stock | 2022-11-21 | G | A | 12,231 | $0.00 | 119,971 | I | — | — | |
| 4 | Common | Common Stock | 2022-11-21 | G | A | 24,115 | $0.00 | 113,561 | D | — | — | |
| 5 | Common | Common Stock | 2023-02-14 | S | D | 18,642 | $275.47 | 31,100 | I | — | — | (F10) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.00 to $275.96, inclusive. 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. |
| 6 | Common | Common Stock | 2023-02-14 | S | D | 1,496 | $276.18 | 29,604 | I | — | — | (F11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.00 to $276.43, inclusive. 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. |
| 7 | Common | Common Stock | 2023-02-15 | S | D | 11,715 | $275.17 | 17,889 | I | — | — | (F12) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.00 to $275.94, inclusive. 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. |
| 8 | Common | Common Stock | 2019-04-22 | G | D | 238 | $0.00 | 9,850 | I By family trust | — | — | (F1) The amount of securities listed in Column 5 reflects the total shares held following the transaction based on reference to the total reported in the Reporting Person's most recent Form 4, filed with the Securities and Exchange Commission ("SEC") on February 14, 2023. (F2) The Reporting Person's prior Form 4, dated February 14, 2023, understated the number of shares held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust by 360 shares. (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |
| 9 | Common | Common Stock | 2019-04-22 | G | A | 238 | $0.00 | 113,373 | I By GRAT | — | — | (F1) The amount of securities listed in Column 5 reflects the total shares held following the transaction based on reference to the total reported in the Reporting Person's most recent Form 4, filed with the Securities and Exchange Commission ("SEC") on February 14, 2023. (F4) The Reporting Person's prior Form 4, dated February 14, 2023, overstated the number of shares held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust by 3 shares of the Issuer's common stock. (F5) Securities held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 10 | Common | Common Stock | 2020-03-17 | G | D | 9,649 | $0.00 | 150,402 | D By GRAT | — | — | (F1) The amount of securities listed in Column 5 reflects the total shares held following the transaction based on reference to the total reported in the Reporting Person's most recent Form 4, filed with the Securities and Exchange Commission ("SEC") on February 14, 2023. (F6) The Reporting Person's prior Form 4, dated February 14, 2023, understated the number of shares held directly by the Reporting Person by 3 shares of the Issuer's common stock. (F7) Securities held by the Timothy P. Herbert 2020 Grantor Retained Annuity Trust. |
| 11 | Common | Common Stock | 2020-03-17 | G | A | 9,649 | $0.00 | 9,629 | I By GRAT | — | — | (F1) The amount of securities listed in Column 5 reflects the total shares held following the transaction based on reference to the total reported in the Reporting Person's most recent Form 4, filed with the Securities and Exchange Commission ("SEC") on February 14, 2023. (F5) Securities held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 12 | Common | Common Stock | 2020-03-17 | G | D | 27,735 | $0.00 | 85,638 | I By trust | — | — | (F8) Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 13 | Common | Common Stock | 2020-03-17 | G | A | 27,735 | $0.00 | 27,735 | I By GRAT | — | — | (F1) The amount of securities listed in Column 5 reflects the total shares held following the transaction based on reference to the total reported in the Reporting Person's most recent Form 4, filed with the Securities and Exchange Commission ("SEC") on February 14, 2023. (F5) Securities held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 14 | Common | Common Stock | 2020-12-23 | G | D | 85,638 | $0.00 | 0 | I By trust | — | — | (F8) Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 15 | Common | Common Stock | 2020-12-23 | G | A | 20,717 | $0.00 | 171,119 | D By GRAT | — | — | (F7) Securities held by the Timothy P. Herbert 2020 Grantor Retained Annuity Trust. |
| 16 | Common | Common Stock | 2020-12-23 | G | A | 64,921 | $0.00 | 92,656 | I By family trust | — | — | (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |
| 17 | Common | Common Stock | 2021-11-20 | G | D | 8,420 | $0.00 | 1,229 | I By family trust | — | — | (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |
| 18 | Common | Common Stock | 2021-11-20 | G | A | 8,420 | $0.00 | 179,539 | D By trust | — | — | (F8) Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 19 | Common | Common Stock | 2022-01-24 | G | D | 25,000 | $0.00 | 154,539 | D By GRAT | — | — | (F7) Securities held by the Timothy P. Herbert 2020 Grantor Retained Annuity Trust. |
| 20 | Common | Common Stock | 2022-01-24 | G | A | 25,000 | $0.00 | 34,850 | I By GRAT | — | — | (F7) Securities held by the Timothy P. Herbert 2020 Grantor Retained Annuity Trust. |
| 21 | Common | Common Stock | 2022-01-27 | G | D | 29,976 | $0.00 | 124,563 | D By trust | — | — | (F8) Securities held by the Timothy P. Herbert 2018 Family Continuation Trust c/u the Timothy P. Herbert 2018 Grantor Retained Annuity Trust. |
| 22 | Common | Common Stock | 2022-01-27 | G | A | 14,892 | $0.00 | 49,742 | I By family trust | — | — | (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |
| 23 | Common | Common Stock | 2022-01-27 | G | A | 15,084 | $0.00 | 107,740 | I By family trust | — | — | (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |
| 24 | Common | Common Stock | 2022-10-11 | G | D | 35,117 | $0.00 | 89,446 | D By family trust | — | — | (F3) Securities held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust. |