Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our common stock trades on the NYSE under the symbol “INSP."
Holders
As of February 5, 2026, there were approximately 12 holders of record of our common stock. This number does not include stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended December 31, 2025. See Note 5 to our Consolidated Financial Statements included elsewhere in this Form 10-K for information regarding our stock repurchase program.
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet be Repurchased Under the Program (in thousands)
October 1, 2025 - October 31, 2025 — $ — — $ 150,000
November 1, 2025 - November 30, 2025 176,428 $ 87.70 176,428 $ 134,526
December 1, 2025 - December 31, 2025 347,374 $ 99.39 347,374 $ 100,000
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(1) On August 11, 2025, we announced that our Board of Directors authorized the repurchase of up to $200.0 million of our outstanding shares of common stock from time to time through open market transactions, privately negotiated transactions, tender offers, or other means. We are not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time. The share repurchase program is set to expire on August 7, 2027, subject to the earlier termination or extension by the Board, in its sole discretion and without prior notice.
Performance Graph
The following graph illustrates a comparison of the total cumulative stockholder return on our common stock with the total return for (i) the S&P Healthcare Equipment Select Industry Index and (ii) the NYSE Composite from December 31, 2020 through December 31, 2025. The graph assumes an investment of $100 in our common stock at market close on December 31, 2020 and the reinvestment of dividends, if any. The comparisons in the table are not intended to forecast or be indicative of possible future performance of our common stock. This graph shall not be deemed “soliciting material” or be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended (the "Securities Act"), whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
December 31,
Stock or Index Ticker 2020 2021 2022 2023 2024 2025
Inspire INSP $ 100.00 $ 122.31 $ 133.91 $ 108.16 $ 98.56 $ 49.04
NYSE Composite NYA 100.00 118.17 104.54 116.03 131.48 151.49
S&P Healthcare Equipment Select SPSIHE 100.00 103.32 79.00 74.29 78.05 77.53
Item 6. [Reserved]
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