William Lewis - 08 Aug 2022 Form 4 Insider Report for INSMED Inc (INSM)

Role: Chair and CEO, Director
Signature: /s/ William Lewis, by Michael Smith as Attorney in Fact
Issuer symbol: INSM
Transactions as of: 08 Aug 2022
Net transactions value: -$5,084,354
Form type: 4
Filing time: 10 Aug 2022, 16:18:29 UTC
Previous filing: 08 Jul 2022
Next filing: 06 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSM	Common Stock	Options Exercise	$83,062	+24,430		$3.40^*	24,430	08 Aug 2022	Indirect	F1, F2
transaction	INSM	Common Stock	Sale	$675,978	-24,430	-100%	$27.67	0	08 Aug 2022	Indirect	F1, F2, F3
transaction	INSM	Common Stock	Options Exercise	$21,080	+6,200		$3.40^*	6,200	08 Aug 2022	Indirect	F1, F2
transaction	INSM	Common Stock	Sale	$176,390	-6,200	-100%	$28.45	0	08 Aug 2022	Indirect	F1, F2, F4
transaction	INSM	Common Stock	Options Exercise	$733,428	+161,193		$4.55^*	161,193	08 Aug 2022	Indirect	F1, F2
transaction	INSM	Common Stock	Sale	$4,473,106	-161,193	-100%	$27.75	0	08 Aug 2022	Indirect	F1, F2, F5
transaction	INSM	Common Stock	Options Exercise	$113,645	+24,977		$4.55^*	24,977	08 Aug 2022	Indirect	F1, F2
transaction	INSM	Common Stock	Sale	$710,096	-24,977	-100%	$28.43	0	08 Aug 2022	Indirect	F1, F2, F6
holding	INSM	Common Stock						256,716	08 Aug 2022	Direct

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)	Options Exercise	$0	-30,630	-100%	$0.000000^*	0	08 Aug 2022	Common Stock	30,630	$3.40	By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020	F7
transaction	INSM	Stock Option (right to buy)	Options Exercise	$0	-186,170	-100%	$0.000000^*	0	08 Aug 2022	Common Stock	186,170	$4.55	By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2	By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020
F3	This is the weighted average sales price representing 24,430 shares sold at prices ranging from $27.26 to $28.25 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
F4	This is the weighted average sales price representing 6,200 shares sold at prices ranging from $28.26 to $28.73 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
F5	This is the weighted average sales price representing 161,193 shares sold at prices ranging from $27.26 to $28.25 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
F6	This is the weighted average sales price representing 24,977 shares sold at prices ranging from $28.26 to $28.72 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
F7	The options became exercisable based on the following vesting schedule: twenty five percent (25%) vested on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vested on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.