William Lewis - 28 Feb 2024 Form 4 Insider Report for INSMED Inc (INSM)

Signature
/s/ William Lewis, by Michael A. Smith as Attorney in Fact
Issuer symbol
INSM
Transactions as of
28 Feb 2024
Net transactions value
+$629,000
Form type
4
Filing time
29 Feb 2024, 16:08:00 UTC
Previous filing
10 Jan 2024
Next filing
15 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $629,000 +50,000 +10000% $12.58 50,500 28 Feb 2024 By ARTICLE 4 UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A11/1/2020
holding INSM Common Stock 233,924 28 Feb 2024 By ARTICLE 4 KATIE PROCTER DYNASTY TRUST
holding INSM Common Stock 363,616 28 Feb 2024 Direct F1

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 +50,000 $0.000000* 0 28 Feb 2024 Common Stock 50,000 $12.58 By ARTICLE 4 UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020 F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to a clerical error related to the reporting of shares previously withheld by the Company to satisfy tax obligations upon the vesting of Restricted Stock Units, this number was previously overstated by 35 shares. This value reflects the adjustment, decreasing the amount beneficially owned by 35 shares.
F2 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.