Roger Adsett - Jan 9, 2024 Form 4 Insider Report for INSMED Inc (INSM)

Signature
/s/ Roger Adsett, by Michael A. Smith as Attorney in Fact
Stock symbol
INSM
Transactions as of
Jan 9, 2024
Transactions value $
-$214,423
Form type
4
Date filed
1/11/2024, 04:06 PM
Previous filing
Jan 5, 2024
Next filing
Jan 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Sale -$112K -3.84K -2.38% $29.25 157K Jan 9, 2024 Direct F1, F2
transaction INSM Common Stock Sale -$102K -3.54K -2.25% $28.90 154K Jan 10, 2024 Direct F3
* 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 Shares sold to satisfy withholding tax obligations upon the vesting of Restricted Stock Units and to cover related broker fees.
F2 This is the weighted average sales price representing 3,837 shares sold at prices ranging from $29.19 to $29.28 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 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.