Dan Paterson - Aug 12, 2021 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: President and COO
Signature: /s/ Robert E. Gagnon, Attorney-in-Fact
Stock symbol: VSTM
Transactions as of: Aug 12, 2021
Transactions value $: -$144,200
Form type: 4
Date filed: 12/17/2021, 03:02 PM
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	-$144K	-50.2K	-13.08%	$2.87	334K	Aug 12, 2021	Direct	F1
transaction	VSTM	Common Stock	Award	$0	+182K	+54.38%	$0.00	515K	Dec 15, 2021	Direct	F4
holding	VSTM	Common Stock						193K	Aug 12, 2021	By The Paterson 1996 Living Trust	F2, F3

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	+369K		$0.00	369K	Dec 15, 2021	Common Stock	369K	$2.36	Direct	F5

* 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 50,244 shares sold by the Issuer to satisfy statutory withholding requirements and an additional reduction of 46,442 shares previously withheld by the Issuer to satisfy statutory withholding requirements, in each case upon vesting of restricted stock units and a reduction of 128,684 shares transferred to the Paterson 1996 Living Trust. The total also reflects 3,333 shares purchased under the Issuer's Employee Stock Purchase Plan.
F2	The total reflects the receipt from Daniel Patterson of a transfer of 138,683 shares, inclusive of 9,999 shares purchased under the Issuer's Employee Stock Purchase Plan.
F3	The Reporting Person is the trustee of The Paterson 1996 Living Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4	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.
F5	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.