Sangeeta N. Bhatia - May 1, 2023 Form 4 Insider Report for VERTEX PHARMACEUTICALS INC / MA (VRTX)

Role
Director
Signature
/s/ Christiana Stevenson, Attorney-in-Fact
Stock symbol
VRTX
Transactions as of
May 1, 2023
Transactions value $
-$202,004
Form type
4
Date filed
5/3/2023, 04:44 PM
Previous filing
Oct 26, 2022
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTX Common Stock Award $0 +1.17K +28.91% $0.00 5.21K May 1, 2023 Direct F1
transaction VRTX Common Stock Sale -$21.4K -62 -1.19% $345.93 5.15K May 2, 2023 Direct F2, F3, F4
transaction VRTX Common Stock Sale -$59.6K -172 -3.34% $346.69 4.97K May 2, 2023 Direct F2, F3, F5
transaction VRTX Common Stock Sale -$41.8K -120 -2.41% $348.16 4.85K May 2, 2023 Direct F2, F3, F6
transaction VRTX Common Stock Sale -$57K -163 -3.36% $349.82 4.69K May 2, 2023 Direct F2, F3, F7
transaction VRTX Common Stock Sale -$22.1K -63 -1.34% $351.20 4.63K May 2, 2023 Direct F2, F3, F8
* 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 Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary of the grant date.
F2 Transaction made pursuant to Dr. Bhatia's company approved trading plan under Rule 10b5-1, which was entered into on 05/17/2022.
F3 Dr. Bhatia 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.
F4 Open market sales reported on this line occurred at a weighted average price of $345.93 (range $345.20 to $346.12).
F5 Open market sales reported on this line occurred at a weighted average price of $346.69 (range $346.31 to $347.03).
F6 Open market sales reported on this line occurred at a weighted average price of $348.16 (range $347.91 to $348.64).
F7 Open market sales reported on this line occurred at a weighted average price of $349.82 (range $349.17 to $350.08).
F8 Open market sales reported on this line occurred at a weighted average price of $351.20 (range $350.92 to $351.48).