Ellis Gary Lee 4

What Happened Gary Lee Ellis, a non-employee director of Inspire Medical Systems, received an award of 581 shares of common stock on July 15, 2026. The shares were issued at $0.00 per share (total reported value $0) as an award/acquisition under the company’s director compensation program rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-15 (reported on Form 4 filed 2026-07-17).
• Transaction type/code: Award/Acquisition (A).
• Shares acquired: 581; Price per share: $0.00; Reported total value: $0.
• Footnote: F1 — shares received in lieu of cash fees under the Company’s Non‑Employee Director Compensation Policy.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the transaction date and appears timely.
• Exhibit: Exhibit 24 (Power of Attorney) attached to the filing.

Context These shares were issued as director compensation (in lieu of cash fees), a routine corporate compensation practice for non‑employee directors. Such awards are administrative/compensatory and do not necessarily signal insider bullishness or a change in personal investment stance.