Robert E. Gagnon - May 15, 2023 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role
Director
Signature
/s/ Daniel Calkins, Attorney-in-fact
Stock symbol
VSTM
Transactions as of
May 15, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 04:32 PM
Previous filing
Mar 20, 2023
Next filing
Jun 21, 2023

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 +62.5K $0.00 62.5K May 15, 2023 Common Stock 62.5K $0.42 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option 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.