Jeffrey M. Leiden - 12 Feb 2024 Form 4 Insider Report for VERTEX PHARMACEUTICALS INC / MA (VRTX)

Signature
/s/ Christiana Stevenson, Attorney-in-Fact
Issuer symbol
VRTX
Transactions as of
12 Feb 2024
Net transactions value
-$1,423,104
Form type
4
Filing time
14 Feb 2024, 16:04:31 UTC
Previous filing
12 Feb 2024
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTX Common Stock Sale $842,213 -2,009 -6.6% $419.22 28,291 12 Feb 2024 Direct F1, F2, F3
transaction VRTX Common Stock Sale $271,992 -647 -2.3% $420.39 27,644 12 Feb 2024 Direct F1, F2, F4
transaction VRTX Common Stock Sale $308,899 -737 -2.7% $419.13 26,907 13 Feb 2024 Direct F1, F2, F5
holding VRTX Common Stock 440 12 Feb 2024 401(k)
* 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 Transaction made pursuant to Dr. Leiden's company approved trading plan under Rule 10b5-1, which was entered into on 08/04/2023.
F2 Dr. Leiden undertakes to provide (upon request by the SEC staff, the issuer or a security holder of the issuer) full information regarding the number of shares sold at each separate price.
F3 Open market sales reported on this line occurred at a weighted average price of $419.22 (range $419.00 to $419.71).
F4 Open market sales reported on this line occurred at a weighted average price of $420.39 (range $420.21 to $420.94).
F5 Open market sales reported on this line occurred at a weighted average price of $419.13 (range $419.00 to $419.37).