Insmed reports inducement grants under NASDAQ listing rule

Insmed Incorporated announced the granting of inducement awards to 13 new employees. In accordance with NASDAQ Listing Rule 5635, 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 September 1, 2023 to purchase an aggregate 93,370 shares of Insmed common stock at an exercise price of $22.64 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.