Form 4: Inspire Medical Systems Executive VP Randy Ban Sells Shares Under 10b5-1 Plan
SEC Form 4
Executive Vice President of Inspire Medical Systems, Randy Ban, sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Randy Ban, Executive Vice President at Inspire Medical Systems, sold shares of the company's common stock on March 3, 2025.
- The sales were executed under a Rule 10b5-1 trading plan established on November 13, 2024.
- A total of 3,947 shares were sold in multiple transactions at weighted average prices ranging from $184.64 to $187.21.
- Following the reported transactions, Randy Ban directly owns 7,259 shares of Inspire Medical Systems.
- Randy Ban also indirectly owns 167 shares held by his son and 166 shares held by his daughter.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, which is a routine activity.
Industry Context
Sales by company executives are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 2024-11-13 | Date of Rule 10b5-1 trading plan |
| 2025-03-03 | Date of stock sale transactions |
| 2025-03-05 | Date of Form 4 filing |
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