MCGIRR DAVID W J 4

What Happened David W.J. McGirr, a director of INSMED, reported a gift transaction dated Feb 9, 2026. The Form 4 shows a gift disposition of 53,400 shares and a corresponding gift acquisition of 53,400 shares, both reported at $0.00 per share (total reported cash value $0). The dual entries indicate a zero-dollar transfer of 53,400 shares; the filing does not show any cash sale or purchase.

Key Details

• Transaction date: 2026-02-09; Filing date: 2026-02-11 (timely filing).
• Reported price: $0.00 per share; reported cash value: $0.
• Transaction code: G (Gift).
• Shares owned after transaction: Not specified in the provided Form 4 details.
• Footnotes/notable exhibits: Exhibit 24 — Power of Attorney included.
• No indication of 10b5-1 plan, tax withholding, option exercise, or sale in this filing.

Context Gifts are transfers (to family members, trusts, charities, etc.) and typically do not signal the insider’s view of the company’s near-term prospects. Because no cash changed hands in this filing, it should not be interpreted the same way as an open-market buy or sale.