Michael A. Smith - 08 Jul 2021 Form 4 Insider Report for INSMED Inc (INSM)

Reporting relationship: General Counsel, Senior VP
Issuer ticker: INSM
Reported as of: 08 Jul 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Jul 2021, 16:54:26 UTC
Next SEC filing: 07 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Michael Alexander Smith

Key filing fact

Michael A. Smith filed Form 4 for INSMED Inc (INSM) on 09 Jul 2021.

Key facts

This page summarizes Michael A. Smith's Form 4 filing for INSMED Inc (INSM).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Jul 2021, 16:54.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

INSM transaction

Common Stock

Award

Transaction value
Shares: +6,722
Change %: +30%
Price
Shares after: 29,228
Date: 08 Jul 2021
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INSM transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +32,550
Change %
Price: $0.000000
Shares after: 32,550
Date: 08 Jul 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 32,550
Exercise price: $27.89
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents Restricted Stock Units, each representing a contingent right to receive one share of Common Stock, granted pursuant to the Company's 2019 Incentive Plan. The Restricted Stock Units vest and become available as follows: twenty five (25%) percent on each anniversary of the date of grant through the fourth anniversary date of the grant.

Footnote F2

Each Restricted Stock Unit was received as a grant on July 8, 2021, for no consideration.

Footnote F3

In connection with the appointment of Mr. Smith as the Company's General Counsel, Senior Vice President, the Company granted Mr. Smith an option to purchase a total of 32,550 shares of the Company's common stock under the Company's 2019 Incentive Plan. The option becomes exercisable based on the following vesting schedule: twenty-five percent (25%) vest on the first anniversary of the date of grant and twelve and one-half percent (12.5%) vest on each six month anniversary date thereafter through the fourth anniversary of the date of grant, subject to Mr. Smith's continued employment with the Company on each vesting date.