Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Insmed Incorporated (INSM) has announced the granting of inducement awards to 19 new employees.

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Rhea-AI Summary

Insmed Incorporated (INSM) has announced the granting of inducement awards to 19 new employees. The awards, approved by Insmed's Compensation Committee under NASDAQ Listing Rule 5635(c)(4), were made as material inducement for employment.

The employees received options on January 2, 2025, to purchase a total of 65,930 shares of Insmed common stock at an exercise price of $69.95 per share, matching the closing price on the Nasdaq Global Select Market on the grant date.

The options come with a 10-year term and a four-year vesting schedule, with 25% vesting after the first year and 12.5% vesting every six months thereafter until the fourth anniversary, contingent on continued employment.

Positive

Stock options granted at market price ($69.95) align employee and shareholder interests
Four-year vesting schedule promotes employee retention
Expanded workforce with 19 new hires indicates company growth

Negative

Potential future dilution from 65,930 new stock options

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01/03/2025 - 04:05 PM

BRIDGEWATER, N.J., Jan. 3, 2025 /PRNewswire/ -- Insmed Incorporated (Nasdaq: INSM), a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases, today announced the granting of inducement awards to 19 new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed's Compensation Committee and made as a material inducement to each employee's entry into employment with the Company.

In connection with the commencement of their employment, the employees received options on January 2, 2025, to purchase an aggregate 65,930 shares of Insmed common stock at an exercise price of $69.95 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.

The options have a 10-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the relevant grant date and 12.5% of the shares subject to the option vesting every six months thereafter through the fourth anniversary of the relevant grant date, subject to the relevant employee's continued service with Insmed on the applicable vesting date.

About Insmed

Insmed Incorporated is a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases. The Company is advancing a diverse portfolio of approved and mid- to late-stage investigational medicines as well as cutting-edge drug discovery focused on serving patient communities where the need is greatest. Insmed's most advanced programs are in pulmonary and inﬂammatory conditions, including a therapy approved in the United States, Europe, and Japan to treat a chronic, debilitating lung disease. The Company's early-stage research programs encompass a wide range of technologies and modalities, including gene therapy, AI-driven protein engineering, protein manufacturing, RNA end-joining, and synthetic rescue.

Headquartered in Bridgewater, New Jersey, Insmed has offices and research locations throughout the United States, Europe, and Japan. Insmed is proud to be recognized as one of the best employers in the biopharmaceutical industry, including spending four consecutive years as the No. 1 Science Top Employer. Visit www.insmed.com to learn more.

Contact:

Investors:

Bryan Dunn
Vice President, Investor Relations
(646) 812-4030
bryan.dunn@insmed.com

Michael V. Morabito, Ph.D.
Director, Investor Relations
(917) 936-8430
michael.morabito@insmed.com

Gianna De Palma
Manager, Investor Relations
(973) 886-2236
gianna.depalma@insmed.com

Media:

Mandy Fahey
Vice President, Corporate Communications
(732) 718-3621
amanda.fahey@insmed.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-302341905.html

SOURCE Insmed Incorporated

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares of INSM stock options were granted to new employees on January 2, 2025?

Insmed granted options to purchase 65,930 shares of common stock to 19 new employees.

What is the exercise price for INSM's January 2025 inducement stock options?

The exercise price is $69.95 per share, which was the closing trading price on the Nasdaq Global Select Market on the grant date.

What is the vesting schedule for INSM's January 2025 inducement stock options?

The options have a four-year vesting schedule with 25% vesting after the first year and 12.5% every six months thereafter through the fourth anniversary.

How long is the term of INSM's January 2025 inducement stock options?

The options have a 10-year term.

How many new employees received INSM stock options in January 2025?

19 new employees received stock options as inducement awards.

Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)