Form 4: Inspire Medical Systems CEO Timothy Herbert Reports Gift of 3,000 Shares
SEC Form 4 Filing
CEO Timothy Herbert reported a gift of 3,000 common stock shares and updated his beneficial ownership in Inspire Medical Systems.
Summary
- On May 31, 2024, Timothy P. Herbert, CEO, President, and Chairperson of Inspire Medical Systems, Inc., reported a transaction involving the company's common stock.
- Herbert gifted 3,000 shares of common stock.
- The transaction did not involve a monetary exchange, as the price per share was $0.00.
- Following the transaction, Herbert directly owns 9,690 shares.
- Herbert also indirectly owns 112,731 shares through a family trust, 63,658 shares through another trust, and 117,658 shares through an LLC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 11/27/2013 | Date of the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D. |
| 05/31/2024 | Date of the stock gift transaction. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.