Company: INSP
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001609550-25-000011
Chunk: 9

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 12
Chunk 9
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Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table provides information as of December 31, 2024 regarding our common stock that may be issued under the Inspire Medical Systems, Inc. 2007 Incentive Award Plan, as amended (the "2007 Plan”), the Inspire Medical Systems, Inc. 2017 Incentive Award Plan, as amended (the “2017 Plan”), the Inspire Medical Systems, Inc. 2018 Incentive Award Plan (the “2018 Plan”) and the Inspire Medical Systems, Inc. 2018 Employee Stock Purchase Plan (the “2018 ESPP”).

Number of Securities to be Issued Upon Exercise of Outstanding Options, Restricted Stock Units, and Performance Stock UnitsWeighted-Average Exercise Price of Outstanding Options, Restricted Stock Units, and Performance Stock UnitsNumber of Securities Available for Future Issuance Under Equity Compensation Plans (excludes securities reflected in column (a))Plan category:(a)(b)(c)Equity compensation plans approved by stockholders2007 Plan (1)10,336 $1.25 — 2017 Plan (1)5,749 $8.38 — 2018 Plan (2)3,147,271 $115.52 1,374,651 2018 ESPP (3)— $— 1,199,532 Equity compensation plans not approved by stockholders— $— — Total3,163,356 $114.95 2,574,183 

(1)    The 2007 Plan terminated in accordance with its terms on November 28, 2017; however, outstanding stock options may continue to be exercised in accordance with their terms. In connection with our IPO, we adopted the 2018 Plan and do not make grants or awards under the 2017 Plan.

(2)    Pursuant to the terms of the 2018 Plan, the number of shares of common stock available for issuance under the 2018 Plan automatically increases on each January 1, until and including January 1, 2028, by an amount equal to the lesser of (a) 739,631 shares, (b) 4% of the number of shares of common stock outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year, and (c) such smaller number of shares