Melvin Sharoky - Jan 12, 2021 Form 4 Insider Report for INSMED Inc (INSM)

Role
Director
Signature
/s/ Melvin Sharoky, M.D, by Christine Pellizzari as Attorney-in-fact
Stock symbol
INSM
Transactions as of
Jan 12, 2021
Transactions value $
$0
Form type
4
Date filed
5/14/2021, 04:18 PM
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Gift $0 -2.54K -1.09% $0.00 230K Jan 12, 2021 Direct
transaction INSM Common Stock Gift $0 -847 -0.37% $0.00 230K Jan 21, 2021 Direct F1
transaction INSM Common Stock Gift $0 +847 $0.00 847 Jan 21, 2021 By spouse F1
transaction INSM Common Stock Gift $0 -184 -0.08% $0.00 229K Jan 21, 2021 Direct F2
transaction INSM Common Stock Gift $0 +184 $0.00 184 Jan 21, 2021 By Melvin Sharoky C/F Sophie C. Wink UTMA/FL F2
transaction INSM Common Stock Award +7.56K +3.3% 237K May 12, 2021 Direct F5, F6
holding INSM Common Stock 5.9K Jan 12, 2021 Held by Baby Gator LLC F3
holding INSM Common Stock 7.71K Jan 12, 2021 Held by The Sharoky Family Foundation, Inc. F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions involved a gift of securities by the Reporting Person to his spouse.
F2 The reported transactions involved a gift of securities by the Reporting Person to an investment account, Melvin Sharoky C/F Sophie C. Wink UTMA/FL, for the benefit of the Reporting Person's granddaughter. The Reporting Person is the custodian of Melvin Sharoky C/F Sophie C. Wink UTMA/FL.
F3 The Reporting Person is a managing member of Baby Gator LLC.
F4 The Reporting Person is Chairman of The Sharoky Family Foundation, Inc. and is one of three individuals who currently share voting and investment power over the shares held by The Sharoky Family Foundation, Inc. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F5 Represents Restricted Stock Units, each representing a contingent right to receive one share of Common Stock. The Restricted Stock Units have a one year cliff vesting period, provided that the director (a) remains a member of the Board on such vesting date, and (b) attends at least 75% of the meetings of the Board which take place between the grant date and the first anniversary of the grant date. Vested shares are delivered within 30 days of the vesting date.
F6 Each Restricted Stock Unit was granted on May 12, 2021 for no consideration.