Buchholz Richard 4

What Happened

• Richard Buchholz, Interim Chief Financial Officer of Inspire Medical Systems (INSP), had 327 shares of common stock withheld by the company to satisfy tax withholding obligations related to vesting restricted stock units (RSUs). The withholding was recorded at $66.33 per share, totaling about $21,690, and is reported as a disposition (tax withholding) on Feb 9, 2026. This is an administrative, routine tax-withholding action rather than an open-market sale indicating trading intent.

Key Details

• Transaction date: February 9, 2026
• Price per share: $66.33; total value reported: $21,690 (rounded)
• Transaction type/code: F — tax withholding to satisfy taxes upon RSU vesting (disposition)
• Shares owned after transaction: not specified in the filing
• Filing date: February 11, 2026 (filed within the standard Form 4 reporting window)
• Footnotes: F1 confirms shares were withheld by the issuer to cover taxes on RSU vesting; F2 notes inclusion of 27 shares acquired under the company’s 2018 Employee Stock Purchase Plan on Dec 31, 2025

Context

• Tax-withholding dispositions are routine when RSUs vest and do not necessarily reflect the insider’s view of the company’s stock. They differ from open-market sales or intentional disposals because shares are withheld by the issuer to satisfy tax obligations rather than sold by the insider. Purchase transactions typically carry more weight as a bullish signal; this filing documents an administrative withholding event.