[SCHEDULE 13G/A] InspireMD, Inc. SEC Filing

Rhea-AI Filing Summary

Rosalind Advisors and affiliated funds report shared beneficial ownership in InspireMD (NSPR), including common shares and warrants that together total 10,987,104 securities representing 9.4% of the class as stated on the cover page. The holding is shown as 3,905,743 common shares plus 7,081,361 shares issuable on warrants for the Advisor group, while Rosalind Master Fund L.P. reports 3,508,336 common and 5,977,361 warrant-issuable shares, and Rosalind Opportunities Fund I L.P. reports 397,407 common and 1,104,000 warrant-issuable shares. The filing notes that blocker provisions limit exercise of some warrants, so the actual exercisable ownership is lower than the raw totals. The Advisor and certain principals disclaim beneficial ownership of shares held by advised funds.

Positive

• Significant institutional interest: Reporting persons disclose a 9.4% economic position, indicating notable investor commitment to NSPR.
• Clear disclosure of warrant exposure: The filing separates common shares from warrant-issuable shares, improving transparency about potential dilution.

Negative

• Exercisability limited by blockers: Warrant exercise is restricted to prevent ownership above 9.99%, so reported totals overstate immediate control or voting power.
• Potential ambiguity in outstanding-share bases: The filing references different outstanding-share counts for percentage calculations, which may cause confusion about exact ownership percentages.

Insights

Securities Analyst

TL;DR: A passive investor group reports a near-10% economic position in NSPR largely via warrants; blockers limit immediate dilution and voting impact.

The Schedule 13G/A shows Rosalind Advisors and affiliated funds/individuals holding a combined reported position of 10,987,104 securities (3.9M common + 7.08M warrant-issuable). Material here is the split between currently outstanding common shares and shares tied to warrants plus the explicit blocker provisions that prevent exercise beyond ownership thresholds. For investors, this means disclosed economic exposure is significant but immediate voting and control effects are constrained by the blockers and the filing language that indicates passive intent.

Corporate Governance Expert

TL;DR: Reporting shows substantial stake concentration, but governance influence appears limited by blocker clauses and the Advisor's disclaimer of direct beneficial ownership.

The filing names Rosalind Advisors, Rosalind Master Fund L.P., Rosalind Opportunities Fund I L.P., and two named individuals as reporting persons with shared voting/dispositive power over reported positions. The presence of shared power and the Advisor-client relationships are disclosed, and the Advisor disclaims beneficial ownership of fund holdings. From a governance perspective, the combination of shared power and warrant-based exposure merits monitoring, but the blocker provisions and the 13G-style filing language indicate the group does not currently assert control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

InspireMD, Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

45779A846

(CUSIP Number)

08/01/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 45779A846

1

Names of Reporting Persons

Rosalind Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,987,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,987,104.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,987,104.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.4 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percentage set forth in Row 11 of the cover page for each Reporting Person is based upon 41,720,662 shares of common stock outstanding of the Issuer as of August 1, 2025, in accordance with the S-3 filed on August 1st. However, as more fully described in Item 4, the securities reported in rows 6, 8, and 9 show the number of shares of Common Stock that would be issuable upon exercise of such reported securities and do not give effect to blocker provisions. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such blockers, is less than the number of securities reported in rows 6, 8, and 9. (6) 3,905,743 shares of Common Stock 7,081,361 shares of Common Stock issuable upon exercise of warrants

SCHEDULE 13G

CUSIP No. 45779A846

1

Names of Reporting Persons

SALAMON STEVEN A J

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,987,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,987,104.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,987,104.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (6)3,905,743 shares of Common Stock 7,081,361 shares of Common Stock issuable upon exercise of warrants

SCHEDULE 13G

CUSIP No. 45779A846

1

Names of Reporting Persons

Aharon Gil

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,987,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,987,104.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,987,104.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (6)3,905,743 shares of Common Stock 7,081,361 shares of Common Stock issuable upon exercise of warrants

SCHEDULE 13G

CUSIP No. 45779A846

1

Names of Reporting Persons

Rosalind Master Fund L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,485,697.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,485,697.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,485,697.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.4 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: (6)3,508,336 shares of Common Stock 5,977,361 shares of Common Stock issuable upon exercise of warrants

SCHEDULE 13G

CUSIP No. 45779A846

1

Names of Reporting Persons

Rosalind Opportunities Fund I L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,501,407.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,501,407.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,501,407.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: (6)397,407 shares of Common Stock 1,104,000 shares of Common Stock issuable upon exercise of warrants

SCHEDULE 13G

Item 1.
(a)	Name of issuer: InspireMD, Inc.
(b)	Address of issuer's principal executive offices: 6303 WATERFORD DISTRICT DRIVE, 6303 WATERFORD DISTRICT DRIVE, MIAMI, FLORIDA, 33126.
Item 2.
(a)	Name of person filing: Rosalind Advisors, Inc. (Advisor to RMF and ROFI) Rosalind Master Fund L.P. (RMF) Rosalind Opportunities Fund I L.P. (ROFI) Steven Salamon (President) Steven Salamon is the portfolio manager of the Advisor which advises RMF. Gilad Aharon is the portfolio manager and member of the Advisor which advises RMF.
(b)	Address or principal business office or, if none, residence: Rosalind Advisors, Inc. Rosalind Opportunities Fund I L.P. 15 Wellesley Street West Suite 326 Toronto, Ontario M4Y 0G7 Canada Rosalind Master Fund L.P. P.O. Box 309 Ugland House, Grand Cayman KY1-1104, Cayman Islands Steven Salamon 15 Wellesley Street West Suite 326 Toronto, Ontario M4Y 0G7 Canada Gilad Aharon 15 Wellesley Street West Suite 326 Toronto, Ontario M4Y 0G7 Canada
(c)	Citizenship: Mr. Salamon and Mr. Aharon are citizens of Canada, resident in Ontario
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 45779A846
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information as of the date of the event which requires filing of this statement required by Items 5(a) to (c) is set forth in Rows 7 to 13 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 13 of the cover page for each Reporting Person is based upon 29,689,857 shares of common stock outstanding of the Issuer as of March 12, 2025, in accordance with the Issuers 10K filed on March 12, 2025. Rosalind Master Fund L.P.& Rosalind Opportunities Fund I L.P. may have been deemed to have the beneficial ownership of 2,274,990 shares of common stock representing the beneficial ownership of approximately 7.7% of the common stocks as mentioned above, which excludes the 7,438,181 shares issuable upon the exercise of pre-funded and standard warrants because they contain a blocker provision under which the holder thereof does not have the right to exercise any of the warrant to the extent that such exercise would result in beneficial ownership by the holder in excess of 9.99% of the Common Stock. Consequently, as of the date of the event which requires the filing of this statement, the Reporting Persons were not able to exercise any of the warrants due to the Blockers. Rosalind Advisors, Inc., or the Advisor, is the investment advisor to RMF and ROFI, and may be deemed to be the beneficial owner of shares held by RMF and ROFI. Steven Salamon is the portfolio manager of the Advisor and may be deemed to be the beneficial owner of shares held by RMF and ROFI. Notwithstanding the foregoing, the Advisor and Mr. Salamon disclaim beneficial ownership of the shares.
(b)	Percent of class: Rosalind Advisors, Inc. 9.4% Rosalind Master Fund L.P. 8.4% Rosalind Opportunities Fund I L.P. 0.9% Steven Salamon 9.4% Gilad Aharon 9.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: Rosalind Advisors, Inc. 3,905,743 Rosalind Master Fund L.P. 3,508,336 Rosalind Opportunities Fund I L.P. 397,407 Steven Salamon 3,905,743 Gilad Aharon - 3,905,743
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: Rosalind Advisors, Inc. 3,905,743 Rosalind Master Fund L.P. 3,508,336 Rosalind Opportunities Fund I L.P. 397,407 Steven Salamon 3,905,743 Gilad Aharon - 3,905,743
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Rosalind Advisors, Inc.

Signature:	Steven Salamon
Name/Title:	President
Date:	08/11/2025

SALAMON STEVEN A J

Signature:	Steven Salamon
Name/Title:	Steven Salamon
Date:	08/11/2025

Aharon Gil

Signature:	Gil Aharon
Name/Title:	Gil Aharon
Date:	08/11/2025

Rosalind Master Fund L.P.

Signature:	Mike McDonald
Name/Title:	Director, Rosalind (Cayman) Ltd. (as General Partner to Rosalind Master Fund)
Date:	08/11/2025

Rosalind Opportunities Fund I L.P.

Signature:	Steven Salamon
Name/Title:	Director, Rosalind Opportunities Fund I GP. Inc. (as General Partners to Rosalind Opportunities Fund I)
Date:	08/11/2025

FAQ

What stake does Rosalind Advisors report in InspireMD (NSPR)?

Rosalind Advisors and affiliated reporting persons disclose an aggregate of 10,987,104 securities representing 9.4% of the class as stated on the cover page.

How many common shares and warrants are included in the reported position?

The group reports 3,905,743 common shares plus 7,081,361 shares issuable upon exercise of warrants for the Advisor group (other funds have similar breakdowns).

Do the warrants give the holder immediate voting power?

No. The filing discloses blocker provisions that prevent exercise to the extent doing so would push beneficial ownership above certain thresholds, limiting immediate voting impact.

Which entities and individuals are named as reporting persons?

The filing lists Rosalind Advisors, Inc., Rosalind Master Fund L.P., Rosalind Opportunities Fund I L.P., and individuals Steven Salamon and Gilad Aharon as reporting persons.

Does the Advisor claim direct beneficial ownership of fund holdings?

The Advisor and Mr. Salamon state they disclaim beneficial ownership of the shares held by the advised funds.