William Lewis - Jan 5, 2023 Form 4 Insider Report for INSMED Inc (INSM)

Signature
/s/ William Lewis, by Michael Smith as Attorney in Fact
Stock symbol
INSM
Transactions as of
Jan 5, 2023
Transactions value $
-$138,758
Form type
4
Date filed
1/6/2023, 03:24 PM
Previous filing
Aug 10, 2022
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Sale -$139K -7.01K -2.73% $19.80 250K Jan 5, 2023 Direct F1, F2
transaction INSM Common Stock Award +22.4K +8.95% 272K Jan 5, 2023 Direct F3, F4

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 +103K $0.00 103K Jan 5, 2023 Common Stock 103K $19.74 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to satisfy withholding tax obligations upon the vesting of Restricted Stock Units and to cover related broker fees.
F2 This is a weighted average sales price representing 7,008 shares sold at prices ranging from $19.78 to $19.805 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.
F3 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 date of grant.
F4 Each Restricted Stock Unit was received as a grant on January 5, 2023, for no consideration.
F5 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 date of the date of grant.