Michelle Robertson - Mar 11, 2024 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role
Director
Signature
/s/ Daniel Calkins, Attorney in Fact
Stock symbol
VSTM
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 06:10 PM
Previous filing
Feb 16, 2024
Next filing
Jun 7, 2024

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) Disposed to Issuer -5.29K -100% 0 Mar 11, 2024 Common Stock 5.29K $37.32 Direct F1, F2
transaction VSTM Stock Option (right to buy) Award +5.29K 5.29K Mar 11, 2024 Common Stock 5.29K $11.44 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 11, 2024, the Issuer cancelled, pursuant to the Issuer's option exchange program, certain eligible unexercised options with an exercise price greater than $15.00 granted to the Reporting Person. In exchange, the Reporting Person received a grant of 5,291 stock options that will vest in two equal installments over a two-year period from March 11, 2024 (with the number of shares vesting on each vesting date will be rounded down to the nearest whole share, except with respect to the vesting dates on which all remaining unvested shares shall vest), provided the Reporting Person continues to serve as a director of or other service provider to the Issuer on each such vesting date.
F2 The canceled stock option was granted on November 15, 2021 and provided for vesting in twelve equal month installments beginning on the on the last day of each month over a period from November 2021 to October 2022.