Inspiremd SEC Filings

InspireMD (NSPR) director insider buy: A reporting person serving as a director purchased 13,431 shares of common stock on 11/12/2025 at $1.62 per share.

After the purchase, the filing shows 373,715 shares beneficially owned directly. It also lists 444,195 shares held indirectly through Osiris Investment Partners, L.P.; the filing states the reporting person may be deemed to beneficially own those only to the extent of any pecuniary interest and includes them for informational purposes.

The signature indicates the report was filed by an attorney-in-fact for the reporting person.

InspireMD (NSPR) filed its Q3 2025 10‑Q, highlighting the first U.S. sales of CGuard Prime after FDA PMA approval in June and a July commercial launch. Revenue rose to $2.523 million from $1.810 million a year ago as U.S. direct sales began and international distributor sales grew. Gross profit improved to $864,000 from $414,000, with gross margin up to 34.2%.

Operating investments to build U.S. commercialization drove higher expenses: R&D $3.635 million, S&M $4.392 million, and G&A $5.888 million. Net loss widened to $12.708 million (loss per share $0.17) versus $7.890 million last year.

Liquidity strengthened from financings and warrant exercises. Cash and cash equivalents were $63.403 million at September 30, 2025. The company closed a private placement with roughly $40.1 million in gross proceeds and received $16.9 million net from Series I warrant exercises. Despite this, management disclosed substantial doubt about the ability to continue as a going concern given expected operating losses until commercial profitability. Shares outstanding were 41,919,141 as of September 30, 2025; 42,370,995 as of November 10, 2025.

InspireMD, Inc. filed an 8-K announcing it furnished a press release with financial and operating results and recent highlights for the three and nine months ended September 30, 2025. The materials were provided on November 4, 2025 and relate to performance through Q3 2025.

The company also furnished an updated investor presentation dated November 2025. Both items were submitted under Items 2.02 and 7.01 and are designated as “furnished,” not “filed,” under the Exchange Act. Exhibits include the press release (99.1), the presentation (99.2), and the cover page inline XBRL file (104).

Director Gary S. Roubin received 48,000 restricted shares of InspireMD common stock on 10/07/2025. The shares were issued at $0 and will vest on 10/07/2026 subject to continued service, increasing his total beneficial ownership to 656,425 shares. The grant is recorded as restricted stock and the transaction was reported on a Form 4 filed by a single reporting person.

InspireMD director Danny L. Dearen reported beneficial ownership of 58,017 shares of the company's common stock, comprised of 2,000 shares purchased on the open market and 56,017 restricted shares that are stated to vest on September 16, 2026 subject to continued service, with a provision that unvested shares will fully vest if he is not reelected or not nominated for reelection at the 2026 annual meeting. The filing also shows options to purchase 28,206 shares of common stock at an exercise price of $2.41. The option entry lists an exercisable date of 09/16/2035 in the table while the explanation states the options vest on 09/16/2026, creating an inconsistency in exercisability timing in the filing.

Thomas J. Kester reported transactions in InspireMD, Inc. (NSPR) on a Form 4 filed 09/17/2025. The filing shows a grant of 37,815 shares of common stock on 09/15/2025 for services rendered as a director, increasing his beneficial ownership to 458,573 shares. The report also discloses an option grant of 19,041 options with a $2.38 exercise price, exercisable 09/15/2025 and expiring 09/15/2027, covering 19,041 underlying common shares. The explanatory note states these equity awards were granted in 2025 prior to Mr. Kester's resignation as a director, effective 09/16/2025. The form is signed 09/17/2025.

Rosalind Advisors, Inc. and affiliated funds disclose aggregate beneficial ownership of 10,987,104 shares of InspireMD, Inc., equal to 9.9% of the 41,720,662 shares used for the calculation. The reported position combines 3,905,743 currently outstanding common shares and 7,081,361 shares issuable upon exercise of warrants as reflected on the cover pages.

The filing notes that the warrants include blocker provisions preventing exercise to the extent such exercise would raise beneficial ownership above 9.99%, so the actual exercisable shares are limited. The Schedule 13G/A is certified and signed by the reporting persons on 08/11/2025.