John Soriano - Sep 7, 2021 Form 4 Insider Report for INSMED Inc (INSM)

Role: Chief Compliance Officer
Signature: /s/ John Soriano
Stock symbol: INSM
Transactions as of: Sep 7, 2021
Transactions value $: -$247,917
Form type: 4
Date filed: 9/9/2021, 04:10 PM
Previous filing: May 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSM	Common Stock	Options Exercise	$241K	+17.3K	+49.28%	$13.91	52.6K	Sep 7, 2021	Direct
transaction	INSM	Common Stock	Sale	-$489K	-17.3K	-33.01%	$28.20	35.2K	Sep 7, 2021	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	-17.3K	-25%	$0.00	52K	Sep 7, 2021	Common Stock	17.3K	$13.91	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This is the weighted average sales price representing the shares sold at prices ranging from $28.11 to $28.37 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
F2	The options become exercisable based on the following vesting schedule: twenty five percent (25%) vested on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vest on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.