Daniel Calkins - Oct 24, 2023 Form 4 Insider Report for Verastem, Inc. (VSTM)

Signature
/s/ Daniel Calkins
Stock symbol
VSTM
Transactions as of
Oct 24, 2023
Transactions value $
$0
Form type
4
Date filed
10/26/2023, 04:28 PM
Previous filing
Oct 10, 2023
Next filing
Dec 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 +25K $0.00 25K Oct 24, 2023 Common Stock 25K $6.89 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 October 24, 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.