Smith Michael Alexander 4
4 · INSMED Inc · Filed Jan 6, 2026
Insider Transaction Report
Form 4
INSMED IncINSM
Smith Michael Alexander
Chief Legal Officer
Transactions
- Award
Common Stock
2026-01-02+5,293→ 60,195 total - Award
Stock Option (right to buy)
2026-01-02+27,600→ 27,600 totalExercise: $177.12Exp: 2036-01-02→ Common Stock (27,600 underlying)
Footnotes (3)
- [F1]Represents Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Common Stock, granted pursuant to the Company's Amended and Restated 2019 Incentive Plan, as amended. The RSUs vest as follows: 25% on the first day of the first month following the first anniversary of the date of grant (the Initial Vesting Date) and 25% on each anniversary of the Initial Vesting Date until fully vested.
- [F2]Each RSU was granted on January 2, 2026 for no consideration.
- [F3]These stock options were granted under the Company's Amended and Restated 2019 Incentive Plan, as amended. The options become exercisable based on the following vesting schedule: 25% vest on the Initial Vesting Date and an additional 12.5% vest every six months thereafter until fully vested.