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  "documentTitle": "Inspire Medical Systems, Inc. (INSP)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-22 00:00:00",
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  "notes": "Includes a SEC Form 4 filing snippet as evidence of insider trading behavior.",
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      "text": "Of course, Ban and Khuong aren't the only insiders that have been rapidly dumping their stock. CEO Tim Herbert is a habitual seller as well.",
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      "text": "SEC Form 4 filing for Randy Ban",
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      "text": "Notice in the Form 4 above, he exercised options for 10,000 shares at $1.14 each and immediately turned around and dumped them on the market between $85 and $88. Mr. Ban started selling just after the IPO lockup expired on October 31, 2018.",
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      "kind": "paragraph",
      "text": "10b5-1 plan which appears to ensure he doesn't own any shares of Inspire stock by exercising options as they vest and selling them in the open market in the same transaction. Below is an example of a common transaction for Mr. Ban:",
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      "text": "Of course, Ban and Khuong aren't the only insiders that have been rapidly dumping their stock. CEO Tim Herbert is a habitual seller as well. He is the face and voice of Inspire - he seems to make a living promoting INSP stock at conferences then turning around and dumping 15-25k shares at a time.",
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      "kind": "quote",
      "text": "Our ASP is $23,500 but for easy math that's a $10 billion annual opportunity... We know we have an unlimited number of patients that need the therapy.",
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      "text": "Our ASP is $23,500 but for easy math that's a $10 billion annual opportunity just in the United States. Okay, that's just a huge number, we don't look at it that way. We switch up, we look at it as from a bottoms up. How can we establish a number of centers and physicians to be able to treat this population. We know we have an unlimited number of patients that need the therapy. — CEO Tim Herbert, RBC Capital Markets Healthcare Conference",
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      "text": "Footnotes 28 and 29 referencing SEC filings and Bloomberg transcripts.",
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