Daniel Calkins - 27 Jan 2023 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: Vice President of Finance
Signature: /s/ Daniel Calkins
Issuer symbol: VSTM
Transactions as of: 27 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 31 Jan 2023, 15:05:40 UTC
Previous filing: 09 Jan 2023
Next filing: 28 Mar 2023
SEC: View on sec.gov

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	+165,000		$0.000000	165,000	27 Jan 2023	Common Stock	165,000	$0.6600	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option vests as to 25% of the shares on the first anniversary of January 27, 2023 (the "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 Grant Date until the fourth anniversary of the 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.

Content

The option vests as to 25% of the shares on the first anniversary of January 27, 2023 (the "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 Grant Date until the fourth anniversary of the 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.