Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 62

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 62
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            |     |                            |     |         |     |           |     |                          |     |        |     |         |     |        4,376 |     |     194.87 |     |     512,342 |     |               |

| (1) | Amounts represent the potential cash payout amounts under the fiscal 2024 MIP. The actual cash payout amounts based on actual performance achievement are disclosed in the Summary Compensation Table in the “Non-Equity Incentive Plan Compensation” column. |

| (2) | Amounts represent the number of shares of common stock underlying the threshold, target, and maximum payout of PSUs granted in February 2024. |

| (3) | Amounts represent the number of RSUs granted to each NEO in 2024 as a component of such officer’s long-term incentive compensation. |

| (4) | Amounts represent the number of stock options granted to each NEO as a component of such officer’s long-term incentive compensation. The exercise price of the stock options is equal to the closing price of our common stock on the date of grant. |

| (5) | Amounts represent the grant date fair value of the awards determined in accordance with ASC 718. PSUs are reflected at target payout. For a discussion of assumptions made in determining the grant date fair value of stock options and PSUs granted by the Company, see Note 7 of the Notes to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. |

| Inspire Medical Systems, Inc. |     | 51 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE Executive Compensation Arrangements Each of our NEOs’ employment is “at will” and may be terminated at any time, subject to certain notice requirements, described below. The written descriptions and material terms of the employment agreements we have entered into with each of our NEOs are discussed below. Each of the employment agreements provides for a Code Section 280G “cutback” such that payments or benefits that the NEO receives in connection with a Change of Control (as defined in the applicable employment agreement) will be reduced to the extent necessary to avoid the imposition of any excise tax under Code Sections 280G and 4999 if such reduction would result in a