Buchholz Richard 4

What Happened

• Richard Buchholz, Interim Chief Financial Officer of Inspire Medical Systems (INSP), had 579 shares of common stock withheld by the company to satisfy tax withholding related to the vesting of a restricted stock unit (RSU) award.
• The withholding was executed at $59.76 per share for a total value of approximately $34,601 (579 x $59.76). This is a withholding/tax-payment event (routine compensation-related disposition), not an open-market sale.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18.
• Price per share: $59.76; Total value (withheld): ~$34,601.
• Shares were withheld by the issuer to cover taxes (Footnote F1: tax withholding for RSU vesting).
• Shares owned after the transaction: not specified in the provided Form 4 details.
• Timeliness: The Form 4 was filed five calendar days after the transaction (three business days after Feb 13); Form 4s are generally due within two business days, so this filing appears later than the typical SEC deadline.

Context

• This was a tax-withholding (cashless) disposition tied to RSU vesting — a routine administrative transaction that does not necessarily indicate insider sentiment about the stock.
• Unlike an open-market sale, withheld shares are surrendered to the company to meet tax obligations rather than being sold to third parties.