Martina Flammer - Jun 13, 2023 Form 4 Insider Report for INSMED Inc (INSM)

Signature
/s/ Martina Flammer M.D., by Michael A. Smith as Attorney in Fact
Stock symbol
INSM
Transactions as of
Jun 13, 2023
Transactions value $
-$170,886
Form type
4
Date filed
6/15/2023, 04:06 PM
Previous filing
May 17, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Sale -$171K -8.87K -7.72% $19.27 106K Jun 13, 2023 Direct F1, F2
* 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 The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2023.
F2 This is the weighted average sales price representing 8,868 shares sold at prices ranging from $19.23 to $19.37 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.