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INSMED Inc·4

Feb 4, 4:15 PM ET

Smith Michael Alexander 4

Research Summary

AI-generated summary

Updated

INSMED (INSM) Chief Legal Officer Michael Smith Sells 640 Shares

What Happened
Michael Alexander Smith, Chief Legal Officer of INSMED Inc. (INSM), sold 640 shares in an open-market/private sale on 2026-02-03 at $156.27 per share, generating $100,013. This was a sale (not a purchase) and the filing indicates the shares were sold to satisfy tax withholding obligations upon RSU vesting.

Key Details

  • Transaction date: 2026-02-03; Filing date: 2026-02-04 (timely filing).
  • Action: Sale (transaction code S) of 640 shares at $156.27 each; gross proceeds reported as $100,013.
  • Footnote: F1 — shares sold to satisfy tax withholding obligations on Restricted Stock Unit vesting and to cover related broker fees.
  • Shares owned after the transaction: Not specified in the information provided in this summary.

Context
Tax-withholding sales tied to RSU vesting are routine and generally aimed at covering tax liabilities and fees; they do not necessarily indicate the insider's view on the company's prospects. The sale size (~$100k) is moderate for an executive-level tax withholding event.