Phillips Bryan K 4

What Happened

• Bryan K. Phillips, Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of Inspire Medical Systems (INSP), had 327 shares of common stock withheld by the company to satisfy tax withholding obligations related to the vesting of a performance stock unit award. The shares were valued at $66.33 each for a total of $21,690 on February 9, 2026. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-09; 327 shares @ $66.33 each; total value $21,690.
• Transaction type: F = shares withheld to satisfy taxes on vesting of performance stock units (cashless/tax withholding).
• Footnote F1: Confirms shares were withheld by the issuer to satisfy taxes incident to vesting of a performance stock unit award.
• Footnote F2: Notes the insider’s reported holdings include 67 shares from the ESPP acquired 6/30/2025 and 94 shares from the ESPP acquired 12/31/2025.
• Filing: Report dated 2026-02-11 for a 2026-02-09 transaction — filed within the typical two-business-day Form 4 window (timely).

Context

• Withholding to cover taxes is a routine administrative action when equity awards vest and does not indicate an active attempt to sell shares on the market. Unlike purchases, these withholding transactions generally do not convey a buy/sell signal about the insider’s view of the company.