William Lewis - Aug 8, 2022 Form 4 Insider Report for INSMED Inc (INSM)

Role
Chair and CEO, Director
Signature
/s/ William Lewis, by Michael Smith as Attorney in Fact
Stock symbol
INSM
Transactions as of
Aug 8, 2022
Transactions value $
-$5,084,354
Form type
4
Date filed
8/10/2022, 04:18 PM
Previous filing
Jul 8, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSM Common Stock Options Exercise $83.1K +24.4K $3.40* 24.4K Aug 8, 2022 Indirect F1, F2
transaction INSM Common Stock Sale -$676K -24.4K -100% $27.67 0 Aug 8, 2022 Indirect F1, F2, F3
transaction INSM Common Stock Options Exercise $21.1K +6.2K $3.40* 6.2K Aug 8, 2022 Indirect F1, F2
transaction INSM Common Stock Sale -$176K -6.2K -100% $28.45 0 Aug 8, 2022 Indirect F1, F2, F4
transaction INSM Common Stock Options Exercise $733K +161K $4.55* 161K Aug 8, 2022 Indirect F1, F2
transaction INSM Common Stock Sale -$4.47M -161K -100% $27.75 0 Aug 8, 2022 Indirect F1, F2, F5
transaction INSM Common Stock Options Exercise $114K +25K $4.55* 25K Aug 8, 2022 Indirect F1, F2
transaction INSM Common Stock Sale -$710K -25K -100% $28.43 0 Aug 8, 2022 Indirect F1, F2, F6
holding INSM Common Stock 257K Aug 8, 2022 Direct

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 -30.6K -100% $0.00* 0 Aug 8, 2022 Common Stock 30.6K $3.40 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020 F7
transaction INSM Stock Option (right to buy) Options Exercise $0 -186K -100% $0.00* 0 Aug 8, 2022 Common Stock 186K $4.55 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020 F7
* 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 By ARTICLE 4 TRUST UNDER WILLIAM LEWIS FAMILY LEGACY TRUST U/A 11/1/2020
F3 This is the weighted average sales price representing 24,430 shares sold at prices ranging from $27.26 to $28.25 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 6,200 shares sold at prices ranging from $28.26 to $28.73 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 This is the weighted average sales price representing 161,193 shares sold at prices ranging from $27.26 to $28.25 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.
F6 This is the weighted average sales price representing 24,977 shares sold at prices ranging from $28.26 to $28.72 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.
F7 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.