William Lewis - 27 Oct 2023 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chair and CEO, Director
Signature
/s/ William Lewis, by Michael A. Smith as Attorney in Fact
Issuer symbol
INSM
Transactions as of
27 Oct 2023
Net transactions value
-$1,094,449
Form type
4
Filing time
31 Oct 2023, 16:04:20 UTC
Previous filing
17 May 2023
Next filing
08 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $759,889 +53,363 $14.24 53,363 27 Oct 2023 Indirect F1, F2
transaction INSM Common Stock Sale $1,282,847 -53,363 -100% $24.04 0 27 Oct 2023 Indirect F1, F2, F3
transaction INSM Common Stock Options Exercise $18,825 +1,322 $14.24 1,322 27 Oct 2023 Indirect F1, F2
transaction INSM Common Stock Sale $33,156 -1,322 -100% $25.08 0 27 Oct 2023 Indirect F1, F2, F4
transaction INSM Common Stock Options Exercise $4,486 +315 $14.24 315 27 Oct 2023 Indirect F1, F2
transaction INSM Common Stock Sale $8,190 -315 -100% $26.00 0 27 Oct 2023 Indirect F1, F2
transaction INSM Common Stock Options Exercise $7,120 +500 $14.24 500 27 Oct 2023 Indirect F2
transaction INSM Common Stock Options Exercise $788,184 +55,350 +24% $14.24 289,274 27 Oct 2023 Indirect F1, F5
transaction INSM Common Stock Sale $1,330,614 -55,350 -19% $24.04 233,924 27 Oct 2023 Indirect F1, F5, F6
transaction INSM Common Stock Options Exercise $18,840 +1,323 +0.57% $14.24 235,247 27 Oct 2023 Indirect F1, F5
transaction INSM Common Stock Sale $33,141 -1,323 -0.56% $25.05 233,924 27 Oct 2023 Indirect F1, F5, F7
transaction INSM Common Stock Options Exercise $4,656 +327 +0.14% $14.24 234,251 27 Oct 2023 Indirect F1, F5
transaction INSM Common Stock Sale $8,502 -327 -0.14% $26.00 233,924 27 Oct 2023 Indirect F1, F5
holding INSM Common Stock 342,648 27 Oct 2023 Direct F8

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) Options Exercise $0 -55,000 -99% $0.000000 500 27 Oct 2023 Common Stock 55,000 $14.24 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020 F1, F9
transaction INSM Stock Option (right to buy) Options Exercise $0 -500 -100% $0.000000* 0 27 Oct 2023 Common Stock 500 $14.24 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020 F9
transaction INSM Stock Option (right to buy) Options Exercise $0 -57,000 -100% $0.000000* 0 27 Oct 2023 Common Stock 57,000 $14.24 By ARTICLE 4 TRUST UNDER KATIE PROCTER DYNASTY TRUST F1, F9
* 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 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A11/1/2020
F3 This is the weighted average sales price representing 53,363 shares sold at prices ranging from $23.68 to $24.60 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.
F4 This is the weighted average sales price representing 1,322 shares sold at prices ranging from $24.83 to $25.40 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.
F5 By ARTICLE 4 KATIE PROCTER DYNASTY TRUST
F6 This is the weighted average sales price representing 55,350 shares sold at prices ranging from $23.65 to $24.63 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.
F7 This is the weighted average sales price representing 1,323 shares sold at prices ranging from $24.83 to $25.40 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.
F8 Includes 1,303 shares acquired through the Company's 2018 Employee Stock Purchase Plan.
F9 The options became exercisable based on the following vesting schedule: twenty five percent (25%) vested on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vested on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant. All options are currently exercisable and were scheduled to expire on October 31, 2023.