Herbert Timothy P. 4

What Happened
Timothy P. Herbert, CEO, President and Director of Inspire Medical Systems (INSP), had 968 shares of common stock withheld by the company to satisfy tax withholding on vesting of a performance stock unit award. The shares were valued at $66.33 each for a total of $64,207 on February 9, 2026. This transaction is recorded as a disposal via tax withholding (code F), not an open‑market sale.

Key Details

• Transaction date: February 9, 2026; filing date (Form 4): February 11, 2026 (timely).
• Shares withheld/disposed: 968 shares at $66.33 per share; total value ≈ $64,207.
• Transaction code: F — shares withheld by issuer to satisfy taxes on vesting.
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes: F1 = withholding to satisfy taxes on vesting of a performance stock unit award; F2 notes inclusion of ESPP shares acquired June 30, 2025 (113 shares) and Dec 31, 2025 (27 shares); F3 references securities held by related family/trust entities.

Context
Withholding of shares to cover taxes on vested awards is a routine administrative action (a cashless tax-withholding disposition) and does not necessarily signal manager sentiment. This is different from an open-market sale or a purposeful disposition for liquidity; it reflects tax obligations tied to equity compensation.