Form 4: Insmed Director Melvin Sharoky Reports Gift of Shares and Beneficial Ownership Changes
SEC Form 4 Filing
Director Melvin Sharoky reports a gift of Insmed shares and updates to beneficial ownership, including holdings through family trusts and entities.
Summary
- On February 28, 2024, Melvin Sharoky, a director of Insmed Inc., reported changes in his beneficial ownership of the company's common stock.
- Sharoky gifted 3,600 shares of common stock.
- He also reported acquisitions of 1,200 shares each for the benefit of Sophie C. Wink, Tulia L. Sharoky, and Nolan M. Wink through UTMA/FL accounts.
- Following these transactions, Sharoky directly owns 295,015 shares.
- He also has indirect ownership through various entities and trusts, including Baby Gator LLC (15,900 shares), Padonia, LLC (10,000 shares), The Sharoky Family Foundation, Inc. (7,714 shares), and his spouse (1,847 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the holdings of Insmed's director.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key company director.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction (gift of shares and acquisitions for UTMA accounts) |
| 02/29/2024 | Date of signature for the Form 4 filing |
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