Jeffrey M. Leiden - May 2, 2023 Form 4 Insider Report for VERTEX PHARMACEUTICALS INC / MA (VRTX)

Signature
/s/ Christiana Stevenson, Attorney-in-Fact
Stock symbol
VRTX
Transactions as of
May 2, 2023
Transactions value $
-$3,835,062
Form type
4
Date filed
5/4/2023, 04:50 PM
Previous filing
Feb 28, 2023
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTX Common Stock Sale -$1.62M -4.65K -9.61% $349.48 43.7K May 2, 2023 Direct F1, F2, F3
transaction VRTX Common Stock Sale -$527K -1.51K -3.44% $350.48 42.2K May 2, 2023 Direct F1, F2, F4
transaction VRTX Common Stock Sale -$106K -300 -0.71% $353.18 41.9K May 2, 2023 Direct F1, F2, F5
transaction VRTX Common Stock Sale -$701K -2.01K -4.79% $349.22 39.9K May 3, 2023 Direct F1, F2, F6
transaction VRTX Common Stock Sale -$631K -1.8K -4.51% $350.53 38.1K May 3, 2023 Direct F1, F2, F7
transaction VRTX Common Stock Sale -$246K -700 -1.84% $351.59 37.4K May 3, 2023 Direct F1, F2, F8
holding VRTX Common Stock 440 May 2, 2023 401(k)
* 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 Dr. Leiden's company approved trading plan under Rule 10b5-1, which was entered into on 11/01/2022.
F2 Dr. Leiden 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 $349.48 (range $349.00 to $349.99).
F4 Open market sales reported on this line occurred at a weighted average price of $350.48 (range $350.08 to $351.01).
F5 Open market sales reported on this line occurred at a weighted average price of $353.18 (range $352.63 to $353.53).
F6 Open market sales reported on this line occurred at a weighted average price of $349.22 (range $349.00 to $349.94).
F7 Open market sales reported on this line occurred at a weighted average price of $350.53 (range $350.08 to $350.90).
F8 Open market sales reported on this line occurred at a weighted average price of $351.59 (range $351.33 to $352.02).