Inspire Medical Systems, Inc. Announces Appointment of Seasoned Senior Corporate Executive Shelley Broader to its Board of Directors

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MINNEAPOLIS, MN – October 22, 2020 – Inspire Medical Systems, Inc. (NYSE: INSP)
(“Inspire”), a medical technology company focused on the development and
commercialization of innovative and minimally invasive solutions for patients with
obstructive sleep apnea (“OSA”), announced today the appointment of Shelley Broader
to the Board of Directors. Ms. Broader brings significant C-suite leadership experience
at a multitude of leading multinational brands, including Chico’s FAS and Walmart
International. She also has 12 years of experience as a public board director at
Raymond James Financial INC.

As part of their multi-year board refresh, Inspire also announced that Chau Khuong,
Partner of OrbiMed Advisors LLC, will be retiring from the Inspire board at the end of
October 2020. Mr. Khuong joined the Inspire board in March 2014 following OrbiMed
serving as the lead investor in the Company’s Series E private financing.

“As our business continues to grow and our corporate strategy evolves, it is critical that
we expand the focus and expertise on our board,” stated Tim Herbert, Inspire President
and CEO. “Shelley’s experience as a senior executive and her focus on global brands
will be invaluable to Inspire. We look forward to her contributions to our board as we
continue to execute on broadening our commercial strategy. I would also like to extend
my sincere thanks and appreciation to Chau for his important strategic insights during
Inspire’s early commercial years. His expertise and guidance helped support the initial
commercial adoption efforts for Inspire therapy and aided our transition to being a
publicly-traded company.”

Ms. Broader has extensive experience as a CEO, general manager, and corporate
director, and is widely recognized for global leadership, strategy, execution, and
management of iconic retail brands. She has successfully run large, matrixed domestic
and international businesses with accountability for up to $65 billion in revenue. Ms.
Broader’s C-Suite and board room experience encompasses mass retail, specialty
retail, grocery, apparel, finance, banking, and wealth management.

Having served as CEO of Chico’s FAS, INC, CEO and President of Walmart
International EMEA, Walmart Canada Corp. and President and COO of Michael’s
Stores, Ms. Broader has helped each organization remain at the forefront of its
respective fast-evolving and competitive consumer sector. Ms. Broader led Chico’s
FAS during the consumers rapid shift from in-store to online shopping, and right-sized
the physical footprint of the company, while growing its Internet sales from 16% to 27%.
As a member of Walmart’s global leadership team, she led the transformative corporate
work stream that produced the rapid adoption of a channel agnostic strategy that helped
catapult Walmart into an online leadership position. Ms. Broader served as an
executive spokesperson and brand ambassador for Walmart Canada, Walmart
International, and Walmart Corporate for the investment community, government
relations, and media. As CEO of Walmart’s EMEA and Canadian regions, she led the
overall business, including merchandising and operations of 1,300+ retail locations.

About Inspire Medical Systems
Inspire is a medical technology company focused on the development and
commercialization of innovative and minimally invasive solutions for patients with
obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA-
approved neurostimulation technology that provides a safe and effective treatment for
moderate to severe obstructive sleep apnea.

For additional information about Inspire, please visit

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements other than statements of
historical facts are forward-looking statements, including, without limitation, statements
regarding the Company’s business and strategy. In some cases, you can identify
forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’
‘‘anticipate,’’ ‘‘could,’’ “future,” “outlook,” “guidance,” ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’
‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential,’’ ‘‘continue,’’ or the negative
of these terms or other similar expressions, although not all forward-looking statements
contain these words.

These forward-looking statements are based on management’s current expectations
and involve known and unknown risks and uncertainties that may cause our actual
results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements.
Important factors that could cause actual results, performance or achievements to differ
materially from those contemplated in this press release can be found under the
captions “Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations“ in our Annual Report on Form 10-K for the fiscal
year ended December 31, 2019, as updated in our Quarterly Report on Form 10-Q for
the quarterly period ended June 30, 2020, and as such factors may be updated from
time to time in our other filings with the SEC, which are accessible on the SEC’s website
at and the Investors page of our website at These
and other important factors could cause actual results to differ materially from those
indicated by the forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of the date of this
press release. While we may elect to update such forward- looking statements at some
point in the future, unless required by applicable law, we disclaim any obligation to do
so, even if subsequent events cause our views to change. Thus, one should not
assume that our silence over time means that actual events are bearing out as
expressed or implied in such forward-looking statements. These forward-looking
statements should not be relied upon as representing our views as of any date
subsequent to the date of this press release.

Investor and Media Contact:
Bob Yedid
LifeSci Advisors
[email protected]