Insmed Inc. (INSM) Form 4 shows director sale of 10,000 shares

Rhea-AI Filing Summary

Insmed Inc. (INSM) reported an insider stock sale by a company director. On 11/14/2025, the director sold 10,000 shares of common stock at a price of $195.87 per share, according to a Form 4 filing. After this transaction, the director continues to hold 63,729 shares directly. This filing simply records a change in the director’s personal holdings and does not, by itself, change the company’s operations or financial results.

Insider Trade Summary

Net Seller: 10,000 shares ($1,958,700)

Net Sell 1 txn

Insider ANDERSON ELIZABETH M

Role Director

Sold 10,000 shs ($1.96M)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$195.87	$1.96M

Holdings After Transaction: Common Stock — 63,729 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ANDERSON ELIZABETH M

(Last) (First) (Middle)

700 US HIGHWAY 202/206

(Street)

BRIDGEWATER NJ 08807

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INSMED Inc [ INSM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/14/2025		S		10,000	D	$195.87	63,729	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney

	/s/ Elizabeth M. Anderson, by Michael A. Smith as Attorney-in-fact	11/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Insmed (INSM) report in this Form 4?

A company director reported the sale of 10,000 shares of Insmed Inc. common stock in a Form 4 insider trading report.

At what price were the Insmed (INSM) shares sold by the director?

The director sold the 10,000 shares of Insmed common stock at a price of $195.87 per share.

When did the Insmed (INSM) insider sale take place?

The reported transaction occurred on 11/14/2025, as disclosed in the Form 4 filing.

How many Insmed (INSM) shares does the director own after the sale?

Following the reported sale, the director beneficially owns 63,729 shares of Insmed Inc. common stock directly.

What is the reporting person’s relationship to Insmed (INSM)?

The reporting person is identified as a Director of Insmed Inc. in the Form 4.

Does this Insmed (INSM) Form 4 involve any derivative securities?

No derivative securities are listed as acquired, disposed of, or beneficially owned in the Table II section of this Form 4 excerpt.