BlackRock, Inc. Reduces Stake in Inspire Medical Systems Inc.

BlackRock, Inc. has filed an amendment to its Schedule 13G/A, reporting a reduction in its ownership of Inspire Medical Systems Inc. (INSP) common stock. As of September 30, 2025, BlackRock owns 3,353,407 shares, representing 11.3% of the outstanding common stock. This marks a decrease of 520,379 shares (13.43%) from its previous holdings. The value of the shares held by BlackRock is approximately $261.6 million, a decrease of $241.1 million (47.96%) from the previous filing. The filing indicates that BlackRock's ownership is through its business units, and it does not include securities held by other business units. The filing also notes that iShares Core S&P Small-Cap ETF, a subsidiary of BlackRock, holds more than 5% of the total outstanding common stock. The amendment was signed by Spencer Fleming, Managing Director of BlackRock, on October 17, 2025.