Michael A. Smith - May 11, 2022 Form 4 Insider Report for INSMED Inc (INSM)

Role
General Counsel, Senior VP
Signature
/s/ Michael Smith
Stock symbol
INSM
Transactions as of
May 11, 2022
Transactions value $
$0
Form type
4
Date filed
5/13/2022, 06:13 PM
Previous filing
Jan 13, 2022
Next filing
May 18, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Award +14.6K +39.13% 52.1K May 11, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INSM Stock Option (right to buy) Award $0 +69.1K $0.00 69.1K May 11, 2022 Common Stock 69.1K $17.07 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units, each representing a contingent right to receive one share of Common Stock, granted pursuant to the Company's 2019 Incentive Plan. The Restricted Stock Units vest and become available as follows: twenty five (25%) percent on each anniversary of the date of grant through the fourth anniversary date of the grant.
F2 Each Restricted Stock Unit was received as a grant on May 11, 2022, for no consideration.
F3 Stock options granted under the Company's 2019 Incentive Plan. The options become exercisable based on the following vesting schedule: twenty five percent (25%) vest on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vest on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.