Sara Bonstein - May 28, 2024 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chief Financial Officer
Signature
/s/ Sara Bonstein, by Michael A. Smith as Attorney-in-fact
Stock symbol
INSM
Transactions as of
May 28, 2024
Transactions value $
-$5,659,148
Form type
4
Date filed
5/30/2024, 05:41 PM
Previous filing
May 15, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $99.8K +3.45K +2.94% $28.88 121K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $2.22M +76.7K +63.45% $28.88 198K May 29, 2024 Direct F1
transaction INSM Common Stock Options Exercise $85.3K +3.45K +1.75% $24.70 201K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $669K +27.1K +13.46% $24.70 228K May 29, 2024 Direct F1
transaction INSM Common Stock Options Exercise $118K +3.45K +1.51% $34.03 232K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $852K +25K +10.81% $34.03 257K May 29, 2024 Direct F1
transaction INSM Common Stock Options Exercise $91.4K +3.45K +1.35% $26.46 260K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $1.04M +39.4K +15.16% $26.46 300K May 29, 2024 Direct F1
transaction INSM Common Stock Options Exercise $91.3K +3.45K +1.15% $26.43 303K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $532K +20.1K +6.64% $26.43 323K May 29, 2024 Direct F1
transaction INSM Common Stock Options Exercise $59K +3.45K +1.07% $17.07 327K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $549K +32.2K +9.85% $17.07 359K May 29, 2024 Direct F1
transaction INSM Common Stock Sale -$1.04M -20.7K -5.78% $50.01 338K May 28, 2024 Direct F1, F2
transaction INSM Common Stock Sale -$11M -221K -65.25% $50.00 117K May 29, 2024 Direct F1, F3

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 -3.45K -3.77% $0.00 88.2K May 28, 2024 Common Stock 3.45K $28.88 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -76.7K -87.01% $0.00 11.5K May 29, 2024 Common Stock 76.7K $28.88 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.45K -9.9% $0.00 31.4K May 28, 2024 Common Stock 3.45K $24.70 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -27.1K -86.12% $0.00 4.36K May 29, 2024 Common Stock 27.1K $24.70 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.45K -7.57% $0.00 42.1K May 28, 2024 Common Stock 3.45K $34.03 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -25K -59.43% $0.00 17.1K May 29, 2024 Common Stock 25K $34.03 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.45K -5.03% $0.00 65.2K May 28, 2024 Common Stock 3.45K $26.46 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -39.4K -60.51% $0.00 25.7K May 29, 2024 Common Stock 39.4K $26.46 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.45K -5.5% $0.00 59.4K May 28, 2024 Common Stock 3.45K $26.43 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -20.1K -33.86% $0.00 39.3K May 29, 2024 Common Stock 20.1K $26.43 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.45K -3.64% $0.00 91.5K May 28, 2024 Common Stock 3.45K $17.07 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -32.2K -35.14% $0.00 59.4K May 29, 2024 Common Stock 32.2K $17.07 Direct F1, F5
* 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 This is the weighted average sales price representing 20,724 shares sold at prices ranging from $50.00 to $50.07 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 is the weighted average sales price representing 220,564 shares sold at prices ranging from $50.00 to $50.08 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 The options became exercisable based on the following vesting schedule: 25% vested on the first anniversary of the grant date and an additional 12.5% vested on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant. All options are currently exercisable.
F5 The options are exercisable based on the following vesting schedule: 25% vested on the first anniversary of the grant date and an additional 12.5% vest on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant, subject to Ms. Bonstein's continued employment with the Company on each vesting date.