Form 4: Inspire Medical Systems Director Gary Ellis Acquires 115 Shares in Lieu of Cash Fees
SEC Form 4 Filing
Director Gary Ellis of Inspire Medical Systems acquired 115 shares of common stock on October 14, 2024, in lieu of cash fees, according to a Form 4 filing.
Summary
- Gary Lee Ellis, a director of Inspire Medical Systems, Inc., acquired 115 shares of common stock on October 14, 2024.
- The acquisition was made in lieu of cash fees, as per the company's Non-Employee Director Compensation Policy.
- The price per share was $210.46.
- Following the transaction, Ellis directly owns 4,289 shares of Inspire Medical Systems, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it shows director alignment with company success.
Key Dates
| Date | Description |
|---|---|
| 10/14/2024 | Date of transaction: Gary Ellis acquired 115 shares of common stock. |
| 10/16/2024 | Date of signature on the Form 4 filing. |
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