Roger Adsett - 11 May 2022 Form 4 Insider Report for INSMED Inc (INSM)

Role: Chief Operating Officer
Signature: /s/ Roger Adsett, by Michael Smith as Attorney in Fact
Issuer symbol: INSM
Transactions as of: 11 May 2022
Net transactions value: $0
Form type: 4
Filing time: 13 May 2022, 18:12:35 UTC
Previous filing: 10 Mar 2022
Next filing: 18 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSM	Common Stock	Award		+27,460	+23%		149,398	11 May 2022	Direct	F1, F2

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)	Award	$0	+129,490		$0.000000	129,490	11 May 2022	Common Stock	129,490	$17.07	Direct	F3

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

Explanation of Responses:

Id	Content
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.
F2	Each Restricted Stock Unit was received as a grant on May 11, 2022, for no consideration.
F3	Stock options granted under the Company's 2019 Incentive Plan. The options become exercisable based on the following vesting schedule: twenty five percent (25%) vest 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.