Place 1 cup of water into instant pot. Place wire rack into pot. Spray solid pan with cooking spray and place into instant pot on top of wire rack.
Crack eggs one at a time into solid pan.
Place lid on and lock into place on instant pot. Make sure knob on lid is on the "sealing" and not "venting".
Push the pressure cooker button and change the time to 5 minutes. After it comes to pressure and the 5 minutes are done, let it do a natural release for 3 minutes. Do a quick release and wait for pin to drop. Open lid away from you.
Pull out wire rack and pan with eggs in it using a towel or gloves. Drain any water from pan and invert pan over a cutting board and tap bottom of pan to release egg form.