INSP

Inspire Medical Systems, Inc.

Sector: healthcareMedical - DevicesNYSEMarket Cap: $1.73B

Inspire Medical Systems is a medical device company focused on obstructive sleep apnea, with its primary political exposure stemming from $16.5M in federal contracts and a $2.9M annual physician payment program.

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Govt Dependence

25/100

Regulatory Density

85/100

Lobbying Intensity

0/100

Political Signal

NEUTRAL

BusinessWhat INSP does

Inspire Medical Systems develops and commercializes minimally invasive implantable neurostimulation devices for the treatment of obstructive sleep apnea. Its revenue is generated from the sale of its proprietary Inspire system to hospitals and sleep centers. The company operates in the highly regulated medical device sector, subject to FDA approvals and Medicare reimbursement policies.

12 months past · 3 months futureINSP activity timeline

Congress

buy sell

Insider · Form 4

open-market buy

Hedge fund · 13F

opened + added − trimmed closed holds

Bills

past action (this ticker) upcoming markup (sector) ★ carveout (this ticker)

248 trading days · 0 congressional trades shown · 0 insider buys · 12 13F filings · 0 past bill actions · 9 upcoming markups

Lifetime Government AwardsINSP federal contracts by year

$29M

total awarded · 2014–2024

1000

contracts on file

2022

peak year ($7M)

Top contracts by award amount

$370K Department of Defense 2022-10-01 IMPLANTABLE PULSE GENERATOR

$239K Department of Defense 2022-08-30 3028 IMPLANTABLE PULSE GENERATOR IV

$223K Department of Defense 2021-10-01 PULSE GENERATOR IV

$209K Department of Defense 2022-04-19 WALTER REED NATIONAL MILITARY MEDICAL CENTER HAS A REQUIREMENT FOR AN

$153K Department of Veterans Affairs 2023-12-11 INSPIRE IMPLANTS

11 years · 1000 contracts

Smart Money · 13F HoldingsHedge funds holding INSP

$28.75B

Total INSP held by tracked 13F funds

Funds with INSP positions

Renaissance Technologies $24.24B +14% 2026-03-31

Two Sigma Investments $4.39B +43% 2026-03-31

D.E. Shaw & Co. $78M +143% 2025-12-31

Citadel Advisors $31M -76% 2025-12-31

Bridgewater Associates $7M -19% 2025-12-31

Congressional TradesWho in Congress is trading INSP

2023-04-10 Daniel S. Goldman D-New York · house Sale $1,001 - $15,000

2023-04-10 Daniel S. Goldman D-New York · house sale $1,001 - $15,000

2+ trades on file · most recent 2023-05-19

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Political ProfileWhere INSP sits in Washington

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STRUCTURAL: High regulatory density from FDA/CMS oversight and established federal contract footprint ($16.5M across 500 contracts per `get_government_precedent`). EVIDENTIARY: No corporate insider buys (`get_corporate_insider_signal.total_buys` = 0), no congressional trading, and no direct lobbying spend. Net: Strong structural government entanglement but zero evidentiary bullish signals from market participants.

Regulatory ExposureThreats & opportunities

Regulatory threats

Scrutiny of physician payments under the Sunshine Act

CMS

"`get_political_influence.doctor_payments` shows 42,753 payments totaling $2.94M in 2024, a significant YoY increase from 29,438 payments."

Regulatory opportunities

Expansion of federal healthcare coverage for its device

CMS / Department of Veterans Affairs

"`get_government_precedent.federal_contracts_summary` shows 500 contracts with the VA and DoD, totaling $16.5M, establishing a reimbursement precedent."

Member intelligence layer

Live signals + predictions for INSP — for Founders

The free page above gives you the public record. Members see the real-time intelligence layer on top of it:

Live 7-layer signal scores when Congress trades INSP
Bill Pass Index v2 odds for every bill on the watch list
Iron Triangle alerts (committee × donor × trade)
SEC Form 4 cluster detection (CEO + CFO + director buys)
Whale-Opportunity expected-value ranking
Custom watchlist alerts via email + Discord

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Frequently AskedAbout INSP & political exposure

Does Inspire Medical Systems, Inc. (INSP) hold federal contracts?

Yes. Inspire Medical Systems, Inc. has 1259 federal contract awards totaling $35,790,254, primarily from agencies including Department of Defense, Department of Veterans Affairs, General Services Administration. See full contract list and amounts on this page.

Has Congress traded INSP stock?

2 congressional trades by 1 unique members of Congress, most recently on 2023-04-10. See the Congressional Trading panel for politician-by-politician breakdown.

What is INSP political risk profile?

Government dependence: 25/100. Lobbying intensity: 0/100. Political signal: neutral. Donor party split: R 0% / D 0%.

How does GovGreed track INSP political activity?

GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. INSP data is updated daily from these official federal sources.