Michael A. Smith - 28 May 2024 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chief Legal Officer
Signature
/s/ Michael A. Smith
Issuer symbol
INSM
Transactions as of
28 May 2024
Net transactions value
-$1,659,002
Form type
4
Filing time
30 May 2024, 17:45:16 UTC
Previous filing
15 May 2024
Next filing
10 Jul 2024
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 $112,490 +7,000 +7.4% $16.07 101,579 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $161,600 +10,000 +9.8% $16.16 111,579 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $40,047 +3,691 +3.3% $10.85 115,270 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $39,489 +3,470 +3% $11.38 118,740 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $202,453 +14,810 +12% $13.67 133,550 28 May 2024 Direct F1
transaction INSM Common Stock Sale $2,215,081 -44,722 -33% $49.53 88,828 28 May 2024 Direct F1

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 -7,000 -100% $0.000000* 0 28 May 2024 Common Stock 7,000 $16.07 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 28 May 2024 Common Stock 10,000 $16.16 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,691 -100% $0.000000* 0 28 May 2024 Common Stock 3,691 $10.85 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,470 -100% $0.000000* 0 28 May 2024 Common Stock 3,470 $11.38 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -14,810 -100% $0.000000* 0 28 May 2024 Common Stock 14,810 $13.67 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was 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 The options became exercisable based on the following vesting schedule: 25% vested on the first anniversary of the grant date and an additional 12.5% vested on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant. All options are currently exercisable.