Inspire Medical Systems (INSP) grants 3,562 RSUs to board director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mead Dana G Jr. reported acquisition or exercise transactions in this Form 4 filing.

Inspire Medical Systems, Inc. director Dana G. Mead Jr. received a grant of 3,562 shares of Common Stock in the form of Restricted Stock Units (RSUs) at no purchase price.

Each RSU represents one share of common stock and will vest on the earlier of the first anniversary of the grant date or immediately before a qualifying Change of Control, as long as he continues serving the company. Following this award, he directly holds 26,213 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mead Dana G Jr.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,562	$0.00	--

Holdings After Transaction: Common Stock — 26,213 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 3,562 shares Grant price: $0.00 per share Post-grant holdings: 26,213 shares +1 more

4 metrics

RSU grant size 3,562 shares Restricted Stock Units awarded to director on April 30, 2026

Grant price $0.00 per share Equity award with no purchase price

Post-grant holdings 26,213 shares Common stock directly held after RSU award

Vesting schedule Earlier of 1 year or Change of Control RSUs vest with continued service through vesting date

Key Terms

Restricted Stock Units ("RSUs"), Change of Control, 2018 Incentive Award Plan, contingent right

4 terms

Restricted Stock Units ("RSUs") financial

"Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right…"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Change of Control financial

"…the date that is immediately prior to the occurrence of a Change of Control…"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

2018 Incentive Award Plan financial

"…Change of Control (as defined in the Issuer's 2018 Incentive Award Plan)…"

contingent right financial

"Each RSU represents a contingent right to receive one share of common stock."

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 06:27 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Mead Dana G Jr.

(Last)

(First)

(Middle)

C/O INSPIRE MEDICAL SYSTEMS, INC.

5500 WAYZATA BLVD., SUITE 1600

(Street)

GOLDEN VALLEY

MINNESOTA

55416

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Inspire Medical Systems, Inc. [ INSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		A		3,562⁽¹⁾	A	$0	26,213	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock. The RSUs shall vest upon the earlier to occur of (a) the first anniversary of the date of grant or (b) the date that is immediately prior to the occurrence of a Change of Control (as defined in the Issuer's 2018 Incentive Award Plan), in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.

	/s/ Bryan Phillips, Attorney-in-Fact for Dana G. Mead	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Inspire Medical Systems (INSP) director Dana Mead receive in this Form 4?

Dana G. Mead Jr., a director of Inspire Medical Systems, received an award of 3,562 Restricted Stock Units. Each RSU represents one share of common stock, granted at no purchase price as part of his equity-based compensation package for board service.

How do the 3,562 RSUs for INSP director Dana Mead vest?

The 3,562 RSUs will vest on the earlier of the first anniversary of the grant date or immediately before a qualifying Change of Control. Vesting is conditioned on Dana Mead’s continued service with Inspire Medical Systems through the applicable vesting date under the 2018 Incentive Award Plan.

What is Dana Mead’s total direct holding in Inspire Medical Systems after this RSU grant?

After the RSU grant, Dana G. Mead Jr. directly holds 26,213 shares of Inspire Medical Systems common stock. This figure includes the newly awarded RSUs and reflects his updated direct beneficial ownership position reported in this Form 4 filing.

What does each Restricted Stock Unit (RSU) represent for INSP insiders?

Each Restricted Stock Unit granted to an Inspire Medical Systems insider represents a contingent right to receive one share of common stock. The units convert into actual shares only upon satisfying vesting conditions, such as time-based service requirements or an earlier qualifying Change of Control event.

How is a Change of Control defined for this INSP RSU award?

The RSU award vests earlier if a Change of Control occurs, as that term is defined in Inspire Medical Systems’ 2018 Incentive Award Plan. The exact definition is contained in the plan document and governs when accelerated vesting would take place before such a transaction closes.