InspireMD Director Michael Berman Reclassifies 91,873 Derivative Shares

What Happened Michael Berman, a director of InspireMD, reported a set of derivative transactions on 9/18/2026. The filing shows paired "other acquisition or disposition (J)" entries: he disposed of and simultaneously acquired 30,625 shares and disposed of and simultaneously acquired 61,248 shares — for a total of 91,873 shares on each side. All transactions are reported at $0.00 per share and are marked as derivative transactions (not open-market cash trades), resulting in no cash value recorded in the Form 4.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-23. (Filing appears one business day late versus the standard two-business-day Form 4 requirement.)
• Reported price: $0.00 for each line (derivative, non-cash).
• Shares reported: 30,625 disposed / 30,625 acquired; 61,248 disposed / 61,248 acquired — total 91,873 disposed and 91,873 acquired.
• Shares owned after transaction: not stated in the public summary lines provided.
• Footnotes F1–F7 reference Exhibit 99.1 (see the filing’s Exhibit 99.1 for explanations and Note 1–7).
• Transaction code J = "other acquisition or disposition" (used for non-standard derivative actions).

Context These are derivative reclassifications or transfers rather than open-market purchases or sales. A $0.00 price and the J code typically indicate a non-cash corporate action (e.g., conversion, net settlement, reclassification, or internal transfer of derivative securities); the exhibit referenced in the filing should provide the exact mechanics. Such derivative adjustments do not necessarily reflect a change in the insider’s market sentiment in the way a cash buy or sell would.