William Lewis - Dec 23, 2021 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chair and CEO, Director
Signature
/s/ William H. Lewis, by Michael Smith as Attorney in Fact
Stock symbol
INSM
Transactions as of
Dec 23, 2021
Transactions value $
-$1,363,527
Form type
4
Date filed
12/28/2021, 03:08 PM
Previous filing
Oct 1, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $11.5K +3.39K +1.67% $3.40* 206K Dec 23, 2021 Direct F1
transaction INSM Common Stock Sale -$95.5K -3.39K -1.65% $28.20 202K Dec 23, 2021 Direct F1, F2
transaction INSM Common Stock Options Exercise $664K +46.6K +23.05% $14.24 249K Dec 23, 2021 Direct F1
transaction INSM Common Stock Sale -$1.31M -46.6K -18.73% $28.21 202K Dec 23, 2021 Direct F1, F3
transaction INSM Common Stock Options Exercise $664K +46.6K +23.05% $14.24 249K Dec 27, 2021 Direct F1
transaction INSM Common Stock Sale -$1.29M -46.6K -18.73% $27.72 202K Dec 27, 2021 Direct F1, F4

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 -3.39K -100% $0.00* 0 Dec 23, 2021 Common Stock 3.39K $3.40 Direct F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -46.6K -37.76% $0.00 76.8K Dec 23, 2021 Common Stock 46.6K $14.24 Direct F5
transaction INSM Stock Option (right to buy) Options Exercise $0 -46.6K -60.66% $0.00 30.2K Dec 27, 2021 Common Stock 46.6K $14.24 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were 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 3,386 shares sold at prices ranging from $28.00 to $28.49 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 46,614 shares sold at prices ranging from $27.95 to $28.45 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 This is the weighted average sales price representing 46,614 shares sold at prices ranging from $27.43 to $28.15 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.
F5 The options became exercisable based on the following vesting schedule: twenty five percent (25%) vested on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vested on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.