Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 70

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 70
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 employees. Specifically, we identified the median employee by aggregating, for each employee as of October 1, 2024: (1) annual base pay, (2) the actual cash incentive opportunity using the payout under the 2024 MIP, and (3) the grant date fair value for equity awards granted through December 31, 2024. In identifying the median employee, we annualized the compensation values of permanent employees that joined our Company during fiscal 2024. Amounts paid in foreign currencies were converted to U.S. Dollars based on the average annual exchange rate as of October 1, 2024. |

| 4. | After applying our CACM methodology, we identified the median employee. Once the median employee was identified, we calculated the median employee’s annual target total direct compensation in accordance with the requirements of the Summary Compensation Table. |

| 5. | Once we identified the median employee, we identified and calculated the elements of such employee’s compensation for fiscal 2024 in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K, resulting in annual total compensation of $261,111. With respect to the annual total compensation of our CEO, we used the amount reported in the “Total” column of our Summary Compensation Table included elsewhere in this document. |

We believe the pay ratio included in this information is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.

| Inspire Medical Systems, Inc. |     | 60 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

Stock Ownership Security Ownership of Certain Beneficial Owners and Management The following table sets forth information relating to the beneficial ownership of our common stock as of March 4, 2025 by:

| • | each person, or group of affiliated persons, known by us to beneficially own more than 5% of our outstanding shares of common stock; |

| • | each of our directors; |

| • | each of our NEOs for fiscal 2024; and |

| • | all directors and executive officers as a group. |

The number of shares beneficially owned by each stockholder is determined under rules issued by the SEC. Under these rules, a person is deemed to be a “beneficial” owner of a security if that person has or shares voting power or investment power, which includes the power to dispose of or to direct the disposition of such security. Except as indicated in the footnotes below,