Karin Anna Tollefson - 15 May 2023 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: Director
Signature: /s/ Daniel Calkins, Attorney-in-fact
Issuer symbol: VSTM
Transactions as of: 15 May 2023
Net transactions value: $0
Form type: 4
Filing time: 16 May 2023, 16:31:46 UTC
Next filing: 20 Jun 2024
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	+187,500		$0.000000	187,500	15 May 2023	Common Stock	187,500	$0.4200	Direct	F1, F2

* 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 May 15, 2023 (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).
F2	62,500 of the stock options vests in twelve equal 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). The first eleven installments shall vest beginning on the last day of each month over a period from June, 2023 to April, 2024 and the last installment shall vest on the earlier of (i) the day before the 2024 Annual Meeting of Stockholders is held or (ii) May 31, 2024, provided that the Reporting Person continues to serve as a director of the Company 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 May 15, 2023 (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).

62,500 of the stock options vests in twelve equal 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). The first eleven installments shall vest beginning on the last day of each month over a period from June, 2023 to April, 2024 and the last installment shall vest on the earlier of (i) the day before the 2024 Annual Meeting of Stockholders is held or (ii) May 31, 2024, provided that the Reporting Person continues to serve as a director of the Company on each such vesting date.