Sara Bonstein - 28 May 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
Issuer symbol
INSM
Transactions as of
28 May 2024
Net transactions value
-$5,659,148
Form type
4
Filing time
30 May 2024, 17:41:25 UTC
Previous filing
15 May 2024
Next filing
13 Jun 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 $99,752 +3,454 +2.9% $28.88 120,935 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $2,215,991 +76,731 +63% $28.88 197,666 29 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $85,314 +3,454 +1.7% $24.70 201,120 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $668,728 +27,074 +13% $24.70 228,194 29 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $117,540 +3,454 +1.5% $34.03 231,648 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $852,315 +25,046 +11% $34.03 256,694 29 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $91,393 +3,454 +1.3% $26.46 260,148 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $1,043,741 +39,446 +15% $26.46 299,594 29 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $91,289 +3,454 +1.2% $26.43 303,048 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $531,534 +20,111 +6.6% $26.43 323,159 29 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $58,960 +3,454 +1.1% $17.07 326,613 28 May 2024 Direct F1
transaction INSM Common Stock Options Exercise $548,903 +32,156 +9.8% $17.07 358,769 29 May 2024 Direct F1
transaction INSM Common Stock Sale $1,036,407 -20,724 -5.8% $50.01 338,045 28 May 2024 Direct F1, F2
transaction INSM Common Stock Sale $11,028,200 -220,564 -65% $50.00 117,481 29 May 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 -3,454 -3.8% $0.000000 88,186 28 May 2024 Common Stock 3,454 $28.88 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -76,731 -87% $0.000000 11,455 29 May 2024 Common Stock 76,731 $28.88 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,454 -9.9% $0.000000 31,436 28 May 2024 Common Stock 3,454 $24.70 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -27,074 -86% $0.000000 4,362 29 May 2024 Common Stock 27,074 $24.70 Direct F1, F4
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,454 -7.6% $0.000000 42,146 28 May 2024 Common Stock 3,454 $34.03 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -25,046 -59% $0.000000 17,100 29 May 2024 Common Stock 25,046 $34.03 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,454 -5% $0.000000 65,186 28 May 2024 Common Stock 3,454 $26.46 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -39,446 -61% $0.000000 25,740 29 May 2024 Common Stock 39,446 $26.46 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,454 -5.5% $0.000000 59,386 28 May 2024 Common Stock 3,454 $26.43 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -20,111 -34% $0.000000 39,275 29 May 2024 Common Stock 20,111 $26.43 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -3,454 -3.6% $0.000000 91,506 28 May 2024 Common Stock 3,454 $17.07 Direct F1, F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -32,156 -35% $0.000000 59,350 29 May 2024 Common Stock 32,156 $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.