Dan Paterson - May 14, 2022 Form 4 Insider Report for Verastem, Inc. (VSTM)

Signature
/s/ Robert E. Gagnon, Attorney-in-Fact
Stock symbol
VSTM
Transactions as of
May 14, 2022
Transactions value $
-$5,138
Form type
4
Date filed
5/17/2022, 04:09 PM
Previous filing
Mar 23, 2022
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTM Common Stock Award $0 +15K +3.14% $0.00 493K May 14, 2022 Direct F1
transaction VSTM Common Stock Sale -$5.14K -4.99K -1.01% $1.03* 488K May 16, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 - Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person on June 24, 2021 under the Issuer's 2021 Equity Incentive Plan. Each PRSU represents the right to receive one share of Common Stock. On May 14, 2022 the Compensation Committee of the Issuer's Board of Directors certified that the PRSUs' performance criteria had been satisfied and the PRSUs vested in full.
F2 - The sale reported on this Form 4 represents shares sold by the Reporting Person to satisfy statutory withholding requirements in connection with the vesting of restricted stock units.