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INSPIRE MEDICAL SYSTEMS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and INSPIRE MEDICAL SYSTEMS INC.’s Form 8-K, filed May 5, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 5Ballot items
  • 438Asset managers
  • 2,764Fund votes
  • May 1, 2025Meeting date

Results at a glance

Meeting of May 1, 2025: 5 items on INSPIRE MEDICAL SYSTEMS INC.’s Form 8-K, filed May 5, 2025: 3 elected · 2 approved.

Material dissent

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore INSPIRE MEDICAL SYSTEMS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by INSPIRE MEDICAL SYSTEMS INC.

These tallies are INSPIRE MEDICAL SYSTEMS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 5, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

INSPIRE MEDICAL SYSTEMS INC. — official shareholder meeting results, meeting held May 1, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Cynthia B. Burks 20,494,838---- 6,413,4741,819,480 76%Elected—
Elect Director: Timothy P. Herbert 21,076,649---- 5,831,6631,819,480 78%Elected—
Elect Director: Shawn T McCormick 19,908,767---- 6,999,5451,819,480 74%Elected—
2. Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2022 28,355,000364,3468,446 ---- 99%Approved—
3. Advisory Vote on Approval of the Compensation of the Company's Named Executive Officers 25,013,8341,861,33133,147 --1,819,480 93%Approved—

Source: INSPIRE MEDICAL SYSTEMS INC., Form 8-K, filed with the SEC on May 5, 2025 — read the filing on EDGAR.

How asset managers voted at the INSPIRE MEDICAL SYSTEMS INC. 2024-2025 meeting

Each item below shows how the 438 asset managers that disclosed a INSPIRE MEDICAL SYSTEMS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Cynthia B. Burks

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

76% Majority: yes · of votes cast

FOR 76%WITHHELD
FOR: 20,494,838WITHHELD: 6,413,474
Details: description as filed, official tally, votes by 120 asset managers

Description as filed by funds: Election of Class I Directors: Cynthia B. Burks

INSPIRE MEDICAL SYSTEMS INC.’s own tally for this item (“Elect Director: Cynthia B. Burks”): 20,494,838 for, 6,413,474 withheld, per its Form 8-K filed May 5, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Item 1 — Election of Directors The following director nominees were elected as Class I directors to hold office until the Company's annual meeting of stockholders to be held in 2028 and until their respective successors have been duly elected and qualified.”
Support: 76% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 120 asset managers below reported 13,736,705 for, 2,321,997 withheld, 464,839 abstained, 98 not voted.

FORWITHHOLD
FOR: 13,736,705ABSTAIN: 464,839WITHHOLD: 2,321,997NOT VOTED: 98
Largest asset managers voting on “Election of Class I Directors: Cynthia B. Burks” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,937,3760 00For
Fidelity2,589,3050 00For
BlackRock2,041,5020 00For
WASATCH FUNDS TRUST806,2170 00For
Invesco528,0440 00For
JANUS INVESTMENT FUND00 0360,485Withhold
Waddell & Reed00 0355,279Withhold
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)349,0000 00For
Jackson National226,6520 89,2330Mixed
MUTUAL FUND SERIES TRUST305,0120 00For
State Street299,3090 0176For
Charles Schwab272,2800 00For
JPMorgan269,5790 00For
Federated Hermes228,3300 00For
Artisan205,9480 00For
PROFESSIONALLY MANAGED PORTFOLIOS150,0000 42,7190Mixed
CARILLON SERIES TRUST00 182,5200Abstain
FRANKLIN STRATEGIC SERIES181,3600 00For
Allspring00 0180,673Withhold
Advisors' Inner Circle Fund II155,0000 00For
WILLIAM BLAIR FUNDS00 0150,932Withhold
TIAA145,7250 00For
Thrivent00 0136,488Withhold
OLD WESTBURY FUNDS INC00 0130,000Withhold
Dimensional00 0128,917Withhold

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

2. Elect Director: Shawn T McCormick

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%WITHHELD
FOR: 19,908,767WITHHELD: 6,999,545
Details: description as filed, official tally, votes by 120 asset managers

Description as filed by funds: Election of Class I Directors: Shawn T McCormick

INSPIRE MEDICAL SYSTEMS INC.’s own tally for this item (“Elect Director: Shawn T McCormick”): 19,908,767 for, 6,999,545 withheld, per its Form 8-K filed May 5, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Item 1 — Election of Directors The following director nominees were elected as Class I directors to hold office until the Company's annual meeting of stockholders to be held in 2028 and until their respective successors have been duly elected and qualified.”
Support: 74% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 120 asset managers below reported 13,439,492 for, 2,620,159 withheld, 463,890 abstained, 98 not voted.

FORWITHHOLD
FOR: 13,439,492ABSTAIN: 463,890WITHHOLD: 2,620,159NOT VOTED: 98
Largest asset managers voting on “Election of Class I Directors: Shawn T McCormick” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,937,3760 00For
Fidelity2,589,3050 00For
BlackRock2,041,5020 00For
WASATCH FUNDS TRUST806,2170 00For
Invesco528,0440 00For
JANUS INVESTMENT FUND00 0360,485Withhold
Waddell & Reed00 0355,279Withhold
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)349,0000 00For
Jackson National226,6520 89,2330Mixed
MUTUAL FUND SERIES TRUST305,0120 00For
State Street15,5730 0283,912Mixed
Charles Schwab272,2800 00For
JPMorgan269,5790 00For
Federated Hermes228,3300 00For
Artisan205,9480 00For
PROFESSIONALLY MANAGED PORTFOLIOS150,0000 42,7190Mixed
CARILLON SERIES TRUST00 182,5200Abstain
FRANKLIN STRATEGIC SERIES181,3600 00For
Allspring00 0180,673Withhold
Advisors' Inner Circle Fund II155,0000 00For
WILLIAM BLAIR FUNDS00 0150,932Withhold
TIAA145,7250 00For
Thrivent00 0136,488Withhold
OLD WESTBURY FUNDS INC00 0130,000Withhold
Dimensional00 0128,917Withhold

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

3. Elect Director: Timothy P. Herbert

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

78% Majority: yes · of votes cast

FOR 78%WITHHELD
FOR: 21,076,649WITHHELD: 5,831,663
Details: description as filed, official tally, votes by 120 asset managers

Description as filed by funds: Election of Class I Directors: Timothy P. Herbert

INSPIRE MEDICAL SYSTEMS INC.’s own tally for this item (“Elect Director: Timothy P. Herbert”): 21,076,649 for, 5,831,663 withheld, per its Form 8-K filed May 5, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Item 1 — Election of Directors The following director nominees were elected as Class I directors to hold office until the Company's annual meeting of stockholders to be held in 2028 and until their respective successors have been duly elected and qualified.”
Support: 78% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 120 asset managers below reported 14,049,547 for, 2,192,624 withheld, 281,370 abstained, 98 not voted.

FOR
FOR: 14,049,547ABSTAIN: 281,370WITHHOLD: 2,192,624NOT VOTED: 98
Largest asset managers voting on “Election of Class I Directors: Timothy P. Herbert” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,937,3760 00For
Fidelity2,589,3050 00For
BlackRock2,041,5020 00For
WASATCH FUNDS TRUST806,2170 00For
Invesco528,0440 00For
JANUS INVESTMENT FUND00 0360,485Withhold
Waddell & Reed00 0355,279Withhold
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)349,0000 00For
Jackson National226,6520 89,2330Mixed
MUTUAL FUND SERIES TRUST305,0120 00For
State Street299,3090 0176For
Charles Schwab272,2800 00For
JPMorgan269,5790 00For
Federated Hermes228,3300 00For
Artisan205,9480 00For
PROFESSIONALLY MANAGED PORTFOLIOS150,0000 42,7190Mixed
CARILLON SERIES TRUST182,5200 00For
FRANKLIN STRATEGIC SERIES181,3600 00For
Allspring00 0180,673Withhold
Advisors' Inner Circle Fund II155,0000 00For
WILLIAM BLAIR FUNDS00 0150,932Withhold
TIAA145,7250 00For
Thrivent00 0136,488Withhold
OLD WESTBURY FUNDS INC00 0130,000Withhold
Dimensional00 0128,917Withhold

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

4. 3. Advisory Vote on Approval of the Compensation of the Company's Named Executive Officers

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 13 wordings of this item as funds reported it.

93% Approved · of votes cast

FOR 93%
FOR: 25,013,834AGAINST: 1,861,331
Details: description as filed, official tally, votes by 436 asset managers

Description as filed by funds: Approval, on an advisory (non- binding) basis, of the compensation of the Company's named executive officers.

INSPIRE MEDICAL SYSTEMS INC.’s own tally for this item (“3. Advisory Vote on Approval of the Compensation of the Company's Named Executive Officers”): 25,013,834 for, 1,861,331 against — passed, per its Form 8-K filed May 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Item 3 — Advisory Vote on Approval of the Compensation of the Company's Named Executive Officers The Company's stockholders approved, on an advisory (non-binding) basis, the compensation of the Company's named executive officers by voting as follows:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 123 asset managers voting on “Approval, on an advisory (non- binding) basis, of the compensation of the Company's named executive officers.” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,936,672704 00For
Fidelity2,589,3050 00For
BlackRock2,041,5020 00For
WASATCH FUNDS TRUST806,2170 00For
Invesco0528,044 00Against
JANUS INVESTMENT FUND360,4850 00For
Waddell & Reed355,2790 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)349,0000 00For
Jackson National243,49472,391 00Mixed
MUTUAL FUND SERIES TRUST305,0120 00For
State Street299,4850 00For
Charles Schwab272,2800 00For
JPMorgan269,5790 00For
Federated Hermes228,3300 00For
Artisan205,9480 00For
PROFESSIONALLY MANAGED PORTFOLIOS192,7190 00For
CARILLON SERIES TRUST182,5200 00For
FRANKLIN STRATEGIC SERIES181,3600 00For
Allspring180,6730 00For
Advisors' Inner Circle Fund II155,0000 00For
WILLIAM BLAIR FUNDS150,9320 00For
TIAA145,7250 00For
Thrivent136,4880 00For
OLD WESTBURY FUNDS INC130,0000 00For
Dimensional128,9170 00For

Fund voting reports, all 123 managers: 15,732,289 for, 800,314 against, 1,836 abstained, 98 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 347 asset managers voting on “Approval, on an advisory (non- binding) basis, of the compensation of the Company's named executive officers.” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity2,344,1880 00For
Dragoneer Investment Group, LLC1,264,0430 00For
WASATCH ADVISORS LP1,062,5680 00For
Invesco0653,353 00Against
State Street652,2190 00For
BAILLIE GIFFORD OVERSEAS LTD627,9160 00For
BlackRock586,708191 00For
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC580,3760 00For
MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST516,4400 00For
GEODE CAPITAL MANAGEMENT, LLC495,5450 00For
Janus Henderson468,6340 00For
FRONTIER CAPITAL MANAGEMENT CO LLC233,235233,235 00Mixed
BAILLIE GIFFORD & CO LTD419,1020 00For
BAMCO INC /NY/405,0000 00For
JPMorgan381,4550 00For
TimesSquare Capital Management, LLC376,1940 00For
Artisan315,2240 00For
Charles Schwab297,9070 00For
BESSEMER INVESTMENT MANAGEMENT LLC260,0000 00For
Bessemer Trust Co of California, N.A.260,0000 00For
Northern Trust250,2930 00For
Allspring248,9070 00For
EAGLE ASSET MANAGEMENT INC239,2310 00For
CONGRESS ASSET MANAGEMENT CO235,5640 00For
Federated Hermes228,3300 00For

Institutional-manager reports, all 347 managers: 17,433,225 for, 1,527,724 against, 3,361 abstained, 2,212 not voted. Showing the 25 largest; see all in the interactive database.

5. 2. Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

99% Approved · of votes cast

FOR 99%
FOR: 28,355,000AGAINST: 364,346
Details: description as filed, official tally, votes by 124 asset managers

Description as filed by funds: Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2025.

INSPIRE MEDICAL SYSTEMS INC.’s own tally for this item (“2. Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2022”): 28,355,000 for, 364,346 against — passed, per its Form 8-K filed May 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Item 2 — Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2022 The Company's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December …”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 124 asset managers below reported 16,510,581 for, 15,421 against, 1,836 abstained, 98 not voted.

FOR
FOR: 16,510,581AGAINST: 15,421ABSTAIN: 1,836NOT VOTED: 98
Largest asset managers voting on “Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting” at INSPIRE MEDICAL SYSTEMS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,937,3760 00For
Fidelity2,589,3050 00For
BlackRock2,041,5020 00For
WASATCH FUNDS TRUST806,2170 00For
Invesco528,0440 00For
JANUS INVESTMENT FUND360,4850 00For
Waddell & Reed355,2790 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)349,0000 00For
Jackson National315,8850 00For
MUTUAL FUND SERIES TRUST305,0120 00For
State Street299,47411 00For
Charles Schwab272,2800 00For
JPMorgan269,5790 00For
Federated Hermes228,3300 00For
Artisan205,9480 00For
PROFESSIONALLY MANAGED PORTFOLIOS192,7190 00For
CARILLON SERIES TRUST182,5200 00For
FRANKLIN STRATEGIC SERIES181,3600 00For
Allspring180,6730 00For
Advisors' Inner Circle Fund II155,0000 00For
WILLIAM BLAIR FUNDS150,9320 00For
TIAA145,7250 00For
Thrivent136,4880 00For
OLD WESTBURY FUNDS INC130,0000 00For
Dimensional128,9170 00For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

Largest INSPIRE MEDICAL SYSTEMS INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 29,467,300 shares outstanding at the time of that meeting.

Fund voting reports: top INSPIRE MEDICAL SYSTEMS INC. shareholders by shares voted on “Approval, on an advisory (non- binding) basis, of the compensation of the Company's named…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 13.36%
2Fidelity 8.79%
3BlackRock 6.93%
4WASATCH FUNDS TRUST 2.74%
5Invesco 1.79%
6JANUS INVESTMENT FUND 1.22%
7Waddell & Reed 1.21%
8BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) 1.18%
9Jackson National 1.07%
10MUTUAL FUND SERIES TRUST 1.04%
Institutional-manager reports: top INSPIRE MEDICAL SYSTEMS INC. shareholders by shares voted on “Approval, on an advisory (non- binding) basis, of the compensation of the Company's named…”, 2024-2025
#Asset manager % of shares outstanding
1Fidelity 7.96%
2Dragoneer Investment Group, LLC 4.29%
3WASATCH ADVISORS LP 3.61%
4Invesco 2.22%
5State Street 2.21%
6BAILLIE GIFFORD OVERSEAS LTD 2.13%
7BlackRock 1.99%
8WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.97%
9MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST 1.75%
10GEODE CAPITAL MANAGEMENT, LLC 1.68%

Reported INSPIRE MEDICAL SYSTEMS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

INSPIRE MEDICAL SYSTEMS INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 13.67% 13F
Vanguard Group 10.95% 13F
FMR (Fidelity) 8.62% 13F
Wellington Management Group LLP 8.61% 13G
Vanguard Portfolio Management 5.58% 13G
Soleus Capital Master Fund, L.P. 4.99% 13G
Deerfield Mgmt, L.P. 4.40% 13G
State Street 3.42% 13F
Invesco 2.91% 13F
Kenneth Griffin 1.79% 13G

Percentages above are of 29,467,300 shares outstanding, as reported by INSPIRE MEDICAL SYSTEMS INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from INSPIRE MEDICAL SYSTEMS INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At INSPIRE MEDICAL SYSTEMS INC.'s shareholder meeting held May 1, 2025, in the 2024-2025 proxy season, 438 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 2,764 separate fund positions. On the most widely held item on that ballot — Approval, on an advisory (non- binding) basis, of the compensation of the Company's named… — INSPIRE MEDICAL SYSTEMS INC.'s filing reports the proposal as approved, with 93% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: INSPIRE MEDICAL SYSTEMS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 5, 2025.

INSPIRE MEDICAL SYSTEMS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.