InspireMD, Inc. SEC Filings

InspireMD, Inc. director Paul Stuka reported open-market purchases of 75,626 shares of Common Stock. He bought 65,626 shares on May 8, 2026 at a weighted average price between $1.15 and $1.16, and 10,000 shares on May 11, 2026 at a weighted average price between $1.17 and $1.20.

Following these purchases, he directly beneficially owned 632,871 shares and indirectly, through Osiris Investment Partners, L.P., beneficially owned 423,704 shares. The amendment also corrects earlier reports by confirming certain shares were held directly rather than indirectly and states that these corrections did not change his pecuniary interest. It further clarifies that the transactions were not effected under a Rule 10b5-1(c) trading plan and that the Osiris-held shares are included here for informational purposes only.

InspireMD, Inc. director Paul Stuka reported open-market purchases of the company’s common stock. On May 8, 2026, he bought 65,626 shares at a weighted average price of $1.16 per share, followed by another 10,000 shares on May 11, 2026 at a weighted average price of $1.19 per share.

After these transactions, Stuka directly beneficially owned 632,871 shares of InspireMD common stock. Footnotes state that, immediately before these trades, he directly owned 557,245 shares and indirectly, through Osiris Investment Partners, L.P., beneficially owned 423,704 shares. The Osiris-held shares are reported for informational purposes, with Stuka disclaiming beneficial ownership except to the extent of his pecuniary interest.

InspireMD, Inc. director Ward Scott R. reported open-market purchases of company common stock. He bought 15,995 shares on May 6 and 73,255 shares on May 7 at a weighted average price of $1.15 per share, with individual trade prices ranging from $1.13 to $1.15. Following these transactions, he directly holds 237,096 shares of InspireMD common stock.

InspireMD, Inc. director Paul Stuka increased his stake through open-market purchases of Common Stock. On May 7, 2026, he bought 6,378 shares at $1.15 per share, and on May 6, 2026 he bought 1,517 shares at $1.12 per share. After these transactions, he directly holds 531,599 shares of InspireMD common stock. A footnote explains that the May 7 price reflects a weighted average for multiple trades executed between $1.14 and $1.15 per share.

InspireMD, Inc. director Gary S. Roubin made an open-market purchase of 90,000 shares of Common Stock. He bought the shares at a weighted average price of $1.18 per share, through multiple trades between $1.15 and $1.20. Following this transaction, he directly owns 834,478 shares, increasing his personal stake in the company.

InspireMD reported sharply higher Q1 2026 revenue but deeper losses and serious liquidity risk. Revenue rose to $3.4 million, up 122% from $1.5 million, driven mainly by the U.S. launch of CGuard Prime and growth in international sales.

Gross margin improved slightly to 20.2%, but operating expenses climbed to $14.7 million as the company expanded U.S. R&D and commercialization. Net loss widened to $13.7 million, and operating cash outflow reached $12.3 million. Cash and marketable securities totaled $41.6 million at quarter end.

The company disclosed a voluntary U.S. recall of its CGuard Prime 135 cm delivery system, with estimated reserves of about $700,000 for customer returns and $650,000 for inventory impairment and remediation. Management states there is substantial doubt about its ability to continue as a going concern without additional capital, and highlights ongoing geopolitical risks tied to its Israeli manufacturing base.

InspireMD reported strong growth for the first quarter of 2026, with revenue reaching $3.4 million, up 122% from $1.5 million a year earlier. U.S. revenue was $1.2 million, a 36% sequential increase, while international revenue rose 48% year over year to $2.2 million.

Despite this growth, the company recorded a net loss of $13.7 million, or $0.16 per share, as operating expenses climbed to $14.7 million to support U.S. commercialization. InspireMD booked an inventory impairment charge, but on an adjusted basis gross margin improved to 34.1% of revenue.

Operationally, the company received FDA IDE approval to initiate the CGUARDIANS III trial for its SwitchGuard neuro protection system in TCAR procedures and expects FDA decisions on its original CGuard delivery system in Q3 2026 and CGuard Prime 80 cm in H2 2026. Management also outlined expected reserves tied to the U.S. recall of CGuard Prime.

InspireMD filed an 8-K detailing a mix of product setback and regulatory progress. The company has initiated a voluntary U.S. recall of its CGuard Prime 135 cm carotid stent delivery system after controlled-launch experience showed technical success in procedures did not meet performance expectations. The CGuard stent implant itself is not included in the recall and continues in use.

Management highlighted strong demand, citing Q1 2026 global year-over-year unit sales growth of 53% and 34% quarter-over-quarter U.S. unit sales growth, but is withdrawing its prior full-year 2026 revenue guidance due to the temporary pause in U.S. commercialization while it awaits anticipated FDA approval of the original CGuard delivery system in the third quarter of 2026. InspireMD also expects FDA approval of the CGuard Prime 80 cm system for TCAR procedures in the second half of 2026 and is pursuing design improvements to the 135 cm system, with FDA approval anticipated in the first half of 2027.

Separately, the FDA has approved an Investigational Device Exemption for the CGUARDIANS III pivotal study of the SwitchGuard neuro protection system for use with the CGuard Prime 80 cm stent platform in TCAR procedures, supporting plans for a potential U.S. commercial launch of SwitchGuard in 2027 and expanding access to a TCAR market estimated at approximately 35,000 procedures annually in the United States.

InspireMD, Inc. executive Marvin Slosman filed a Schedule 13D reporting beneficial ownership of 2,556,760 shares of InspireMD common stock, representing 5.18% of the outstanding shares. This stake reflects his role as Chief Executive Officer and director.

The holdings include 16,722 common shares, multiple tranches of restricted stock units that are currently exercisable or become exercisable within 60 days, and 696,005 shares issuable upon exercise of stock options that are currently exercisable or become exercisable within 60 days. Only 10,330 shares were purchased for cash in a July 2025 private placement for $24,998.60; the remainder were granted as equity compensation.

Based on company information, InspireMD had 46,838,962 shares outstanding as of the date referenced. Slosman states he has no present plans for corporate actions such as mergers or control changes, and he reports no transactions in InspireMD shares in the prior 60 days, while reserving the right to buy or sell securities in the future.