Bastiano Sanna - Apr 12, 2023 Form 4 Insider Report for VERTEX PHARMACEUTICALS INC / MA (VRTX)

Signature
/s/Christiana Stevenson, Attorney-in-Fact
Stock symbol
VRTX
Transactions as of
Apr 12, 2023
Transactions value $
-$2,472,164
Form type
4
Date filed
4/14/2023, 04:19 PM
Previous filing
Apr 6, 2023
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTX Common Stock Sale -$285K -874 -1.85% $325.70 46.4K Apr 12, 2023 Direct F1, F2, F3
transaction VRTX Common Stock Sale -$1.33M -4.07K -8.77% $326.45 42.3K Apr 12, 2023 Direct F1, F2, F4
transaction VRTX Common Stock Sale -$860K -2.63K -6.2% $327.43 39.7K Apr 12, 2023 Direct F1, F2, F5
* 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 Mr. Sanna's company approved trading plan under Rule 10b5-1, which was entered into on 08/10/2022.
F2 Mr. Sanna 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 $325.70 (range $325.00 to $325.98).
F4 Open market sales reported on this line occurred at a weighted average price of $326.45 (range $326.00 to $326.99).
F5 Open market sales reported on this line occurred at a weighted average price of $327.43 (range $327.01 to $327.91).