Exactly, put any email there, it should not be associated with the banned account, and it should not be registered to instagram,I personally use 33mail.com to create multiple addresses and redirect all the incoming emails to my main email. I don't really created an account to 33mail just for this, its been years since i'm using their free service to bypass several websites that require email verification. I just discovered that by adding a different email address on the form you will receive a reply, however creating multiple legit email addresses just to recover huge amount of banned account also requires phone verification, so I just dump my 33mail dummy emails and recovered the accounts through the link they provided. You don't also need to provide a valid name, any name you put there will do, but you need to write that name you put there on the paper together with the correct username and the code they provided, it is not also necessary to be you or anyone who got their pics posted on your instagram, anyone as long as they are following the correct format such as hold the paper with two hands with proper lighting will always work. Here's my last recovery that I did last month. Take note that the first screen shot that I received containing the codes are written in Filipino, because I'm in the Philippines, and I don't use any proxy to submit, but I always select United States as country because I just read it elsewhere on the internet that they prioritize request coming from the US, but in my case even my local IP works just fine, I don't need to tweak anything in order to fake my location. Anywhere will do, but just to make sure always go and pick US.
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Take note, I didn't spam them, when you do, you will receive multiple different codes and you will have a hard time in sending them a picture with code because you don't know which one will work. Just don't spam, when they ask you for the code, just provide it, if they didn't reply after a while just reply again to the email they sent last and ask for an update to the verification you provided. Look closely also to the Date, May 6 was the first email I've got from them with the code they provided, they reactivated the account on May 22. Just don't spam, they respond, but it took them some time.