Michael A. Smith - Aug 12, 2024 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chief Legal Officer
Signature
/s/ Michael A. Smith
Stock symbol
INSM
Transactions as of
Aug 12, 2024
Transactions value $
-$5,052,623
Form type
4
Date filed
8/14/2024, 04:28 PM
Previous filing
Jul 10, 2024
Next filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $204K +11.9K +13.41% $17.16 101K Aug 12, 2024 Direct
transaction INSM Common Stock Options Exercise $579K +41.6K +41.38% $13.91 142K Aug 12, 2024 Direct
transaction INSM Common Stock Options Exercise $589K +34.5K +24.27% $17.07 177K Aug 12, 2024 Direct
transaction INSM Common Stock Sale -$4.92M -67.7K -38.27% $72.75 109K Aug 12, 2024 Direct F1
transaction INSM Common Stock Sale -$1.5M -20.4K -18.7% $73.65 88.7K Aug 12, 2024 Direct F2

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 -11.9K -100% $0.00* 0 Aug 12, 2024 Common Stock 11.9K $17.16 Direct F3
transaction INSM Stock Option (right to buy) Options Exercise $0 -41.6K -100% $0.00* 0 Aug 12, 2024 Common Stock 41.6K $13.91 Direct F3
transaction INSM Stock Option (right to buy) Options Exercise $0 -34.5K -50% $0.00 34.5K Aug 12, 2024 Common Stock 34.5K $17.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is the weighted average sales price representing 67,655 shares sold at prices ranging from $72.22 to $73.22 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.
F2 This is the weighted average sales price representing 20,415 shares sold at prices ranging from $73.22 to $74.11 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 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.
F4 The options become exercisable based on the following vesting schedule: 25% vest on the first anniversary of the grant date and an additional 12.5% vest every six months thereafter through the fourth anniversary of the date of grant.