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

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.