Roger Adsett - 05 Jan 2023 Form 4 Insider Report for INSMED Inc (INSM)

Role: Chief Operating Officer
Signature: /s/ Roger Adsett, by Michael Smith as Attorney in Fact
Issuer symbol: INSM
Transactions as of: 05 Jan 2023
Net transactions value: -$60,119
Form type: 4
Filing time: 06 Jan 2023, 15:08:46 UTC
Previous filing: 22 Nov 2022
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSM	Common Stock	Sale	$60,119	-3,044	-2.3%	$19.75	131,083	05 Jan 2023	Direct	F1
transaction	INSM	Common Stock	Award		+7,598	+5.8%		138,681	05 Jan 2023	Direct	F2, 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)	Award	$0	+34,860		$0.000000	34,860	05 Jan 2023	Common Stock	34,860	$19.74	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares sold to satisfy withholding tax obligations upon the vesting of Restricted Stock Units and to cover related broker fees.
F2	Represents Restricted Stock Units, each representing a contingent right to receive one share of Common Stock, granted pursuant to the Company's 2019 Incentive Plan. The Restricted Stock Units vest and become available as follows: twenty five (25%) percent on each anniversary of the date of grant through the fourth anniversary date of the date of the grant.
F3	Each Restricted Stock Unit was received as a grant on January 5, 2023, for no consideration.
F4	Stock options granted under the Company's 2019 Incentive Plan. The options become exercisable based on the following vesting schedule: twenty five percent (25%) vest on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vest on each sixth month anniversary date thereafter through the fourth anniversary date of the date of the grant.