Form 4: Director Cynthia Burks Receives and Disposes of Shares in Inspire Medical Systems
SEC Form 4 Filing
Cynthia Burks, a director of Inspire Medical Systems, received 716 shares of common stock as Restricted Stock Units (RSUs) and disposed of 1,385 shares on May 2, 2024.
Summary
- This Form 4 filing reports changes in beneficial ownership of Inspire Medical Systems, Inc. (INSP) stock by director Cynthia Burks.
- On May 2, 2024, Ms. Burks acquired 716 shares of common stock through an award of Restricted Stock Units (RSUs) at $0 price.
- On the same day, Ms. Burks disposed of 1,385 shares of common stock.
- Following these transactions, Ms. Burks beneficially owns 1,385 shares of Inspire Medical Systems, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The RSUs will vest upon the earlier of the first anniversary of the grant date or a Change of Control, contingent on continued employment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see if company directors are buying or selling shares of their own company.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: acquisition of 716 shares via RSU and disposal of 1,385 shares. |
| 05/06/2024 | Date of signature for the Form 4 filing. |
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