Michael A. Smith - May 28, 2024 Form 4 Insider Report for INSMED Inc (INSM)

Signature
/s/ Michael A. Smith
Stock symbol
INSM
Transactions as of
May 28, 2024
Transactions value $
-$1,659,002
Form type
4
Date filed
5/30/2024, 05:45 PM
Previous filing
May 15, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $112K +7K +7.4% $16.07 102K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $162K +10K +9.84% $16.16 112K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $40K +3.69K +3.31% $10.85 115K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $39.5K +3.47K +3.01% $11.38 119K May 28, 2024 Direct F1
transaction INSM Common Stock Options Exercise $202K +14.8K +12.47% $13.67 134K May 28, 2024 Direct F1
transaction INSM Common Stock Sale -$2.22M -44.7K -33.49% $49.53 88.8K May 28, 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 -7K -100% $0.00* 0 May 28, 2024 Common Stock 7K $16.07 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 May 28, 2024 Common Stock 10K $16.16 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.69K -100% $0.00* 0 May 28, 2024 Common Stock 3.69K $10.85 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -3.47K -100% $0.00* 0 May 28, 2024 Common Stock 3.47K $11.38 Direct F1, F2
transaction INSM Stock Option (right to buy) Options Exercise $0 -14.8K -100% $0.00* 0 May 28, 2024 Common Stock 14.8K $13.67 Direct F1, F2
* 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 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.