Brian M. Stuglik - Nov 1, 2021 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: Chief Executive Officer, Director
Signature: /s/ Robert E. Gagnon, Attorney-in-Fact
Stock symbol: VSTM
Transactions as of: Nov 1, 2021
Transactions value $: -$15,123
Form type: 4
Date filed: 12/17/2021, 03:01 PM
Previous filing: Jun 17, 2021
Next filing: Dec 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VSTM	Common Stock	Tax liability	-$15.1K	-5.84K	-0.71%	$2.59	819K	Nov 1, 2021	Direct	F1
transaction	VSTM	Common Stock	Award	$0	+363K	+44.3%	$0.00	1.18M	Dec 15, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VSTM	Stock Option (Right to Buy)	Award	$0	+737K		$0.00	737K	Dec 15, 2021	Common Stock	737K	$2.36	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The total reflects the disposition of 5,839 shares sold by the Issuer to satisfy statutory withholding requirements upon vesting of restricted stock units, the cancellation of 191,828 restricted stock units granted to the Reporting Person in December 2020 and additional reductions of 95,665 shares previously retired and 73,472 shares previously sold, in each case by the Issuer, to satisfy statutory withholding requirements upon vesting of restricted stock units.
F2	Represents restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. The RSUs vest as to 25% of the RSUs on the first anniversary of December 15, 2021 (the "RSU Grant Date") and as to an additional 6.25% of the RSUs at the end of each successive three-month period following the first anniversary of the RSU Grant Date until the fourth anniversary of the RSU Grant Date (with the number of RSUs vesting on each vesting date rounded down to the nearest whole RSU, except with respect to the final vesting date on which all remaining unvested RSUs shall vest), provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.
F3	The option vests as to 25% of the shares on the first anniversary of December 15, 2021 (the "Option Grant Date") and as to an additional 6.25% of the shares at the end of each successive three-month period following the first anniversary of the Option Grant Date until the fourth anniversary of the Option Grant Date (with the number of shares vesting on each vesting date rounded down to the nearest whole share, except with respect to the final vesting date on which all remaining unvested shares shall vest), provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.