Carol Schafer - May 15, 2025 Form 4 Insider Report for INSMED Inc (INSM)

Role: Director
Signature: /s/ Carol Schafer, by Michael A. Smith as Attorney-in-fact
Stock symbol: INSM
Transactions as of: May 15, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/19/2025, 04:57 PM
Previous filing: Jun 20, 2024
Next filing: Jun 6, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SCHAFER CAROL	Director	700 US HIGHWAY 202/206, BRIDGEWATER	/s/ Carol Schafer, by Michael A. Smith as Attorney-in-fact	2025-05-19	0001272181

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSM	Common Stock	Award		+5.06K	+8.68%		63.3K	May 15, 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Common Stock. The RSUs have a one year cliff vesting period, provided that the director (a) remains a member of the Board of Directors of the issuer on such vesting date, and (b) attends at least 75% of the meetings of the Board of Directors which take place between the grant date and the first anniversary of the grant date.
F2	Each RSU was granted on May 15, 2025 for no consideration.

Content

Represents Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Common Stock. The RSUs have a one year cliff vesting period, provided that the director (a) remains a member of the Board of Directors of the issuer on such vesting date, and (b) attends at least 75% of the meetings of the Board of Directors which take place between the grant date and the first anniversary of the grant date.

Each RSU was granted on May 15, 2025 for no consideration.