Robert E. Gagnon - Dec 13, 2022 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: Director
Signature: /s/ Daniel Calkins, Attorney-in-Fact
Stock symbol: VSTM
Transactions as of: Dec 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/15/2022, 04:24 PM
Previous filing: Sep 21, 2022
Next filing: Dec 20, 2022

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	+154K		$0.00	154K	Dec 13, 2022	Common Stock	154K	$0.45	Direct	F1

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

Explanation of Responses:

Id	Content
F1	-125,000 of the stock options vest in twelve equal quarterly installments beginning each three successive month period following December 13, 2022 (the "Option Grant Date") until the third 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). 28,938 of the stock options vest in six equal month installments (rounded down to the nearest whole share on each vesting date except with respect to the final vesting date on which the remaining unvested portion shall vest) beginning on the on the last day of each month over a period from December, 2022 to May, 2023. The options vest provided the Reporting Person continues to serve as a director of the Issuer on each such vesting date.

Content

-125,000 of the stock options vest in twelve equal quarterly installments beginning each three successive month period following December 13, 2022 (the "Option Grant Date") until the third 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). 28,938 of the stock options vest in six equal month installments (rounded down to the nearest whole share on each vesting date except with respect to the final vesting date on which the remaining unvested portion shall vest) beginning on the on the last day of each month over a period from December, 2022 to May, 2023. The options vest provided the Reporting Person continues to serve as a director of the Issuer on each such vesting date.