Form 4 for INSP Inspire Medical Systems, Inc.
Accepted 2023-08-28 00:00:00 ET · period of report 2023-08-23 · accession 0001104659-23-095629 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-28 | 2023-08-23 | INSP | Herbert Timothy P. | CEO, Pres, Dir | M - OptEx | $70.55 | +953 | 107.8K | +0.9% | +$67.2K |
| DM | 2023-08-28 | 2023-08-23 | INSP | Herbert Timothy P. | CEO, Pres, Dir | M - OptEx | $0.00 | -953 | 51.9K | -2% | $0 |
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 | 2023-08-23 | M | A | 938 | $71.00 | 107,769 | D | — | — | (F1) Includes 58 additional shares acquired under the Inspire Medical Systems, Inc. 2018 Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2023-08-23 | M | A | 15 | $42.15 | 107,784 | D | — | — | |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-08-23 | M | D | 938 | $0.00 | 64,062 | D | $71.00 · — to 2029-12-16 | 938 Common Stock | (F4) The original grant of options to purchase 65,000 shares of common stock vested and became exercisable as to 25% of the underlying shares on the first anniversary of December 16, 2019 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. |
| 4 | Derivative | Stock Option (Right to Buy) | 2023-08-23 | M | D | 15 | $0.00 | 51,913 | D | $42.15 · — to 2028-12-18 | 15 Common Stock | (F6) A portion of this award is now held by the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D November 27, 2013 and the total held directly by the Reporting Person has been updated accordingly. (F5) The option is fully vested and exercisable. |