Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 48

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 48
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iences Holdings Corporation, Lantheus Holdings, Inc., Merit Medical Systems, Inc., and Neogen Corporation were added to peer group for 2024 as compared to 2023. |

The following table summarizes our scale relative to our peer group. Financial data reflects fiscal year-end data available as of June 2023 and is the data the Organization and Compensation Committee reviewed when it approved the peer group for 2024.

|                 |     | Peer Group Comparison |     |            |     |           |
|                 |     |               Revenue |     | Market Cap |     | Employees |
| 25th Percentile |     |                $412.9 |     |   $3,050.4 |     |     1,001 |
| 50th Percentile |     |                $720.7 |     |   $4,161.6 |     |     1,793 |
| Average         |     |                $797.1 |     |   $5,430.5 |     |     2,167 |
| 75th Percentile |     |              $1,069.0 |     |   $6,091.1 |     |     2,958 |
| Inspire         |     |                $650.0 |     |   $8,928.1 |     |       755 |

| (1) | Dollar amounts are in millions. Revenue reflects trailing-twelve months. Market cap is 30-day average using market data available as of June 2023. |

| (2) | Data source: S&P Capital IQ. |

| (3) | While the Company’s market capitalization for the pertinent period exceeded the 75th percentile for our per group, the Organization and Compensation Committee, in consultation with Aon, noted that the market capitalizations of some of our continuing peer companies fell below Aon’s proposed target range. However, the Organization and Compensation Committee determined that it would be appropriate to retain some of these peer companies and continue to monitor their market capitalization for future years to minimize year-over-year peer group changes in order to help maintain consistency and mitigate large swings in peer group data sets. |

| Inspire Medical Systems, Inc. |     | 40 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

Consistent with best practices for corporate governance, the Organization and Compensation Committee reviews our peer group at least annually. In addition to the selected peer group