Brian M. Stuglik - Jun 17, 2024 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role
Director
Signature
/s/ Daniel Calkins, Attorney in Fact
Stock symbol
VSTM
Transactions as of
Jun 17, 2024
Transactions value $
-$3,145
Form type
4
Date filed
6/20/2024, 08:27 PM
Previous filing
Jun 17, 2024
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTM Common Stock Sale -$2.07K -593 -0.66% $3.49 89K Jun 17, 2024 Direct F1
transaction VSTM Common Stock Award $0 +8.33K +9.36% $0.00 97.4K Jun 18, 2024 Direct F2
transaction VSTM Common Stock Sale -$1.08K -335 -0.34% $3.21 97K Jun 20, 2024 Direct F1

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 +12.5K $0.00 12.5K Jun 18, 2024 Common Stock 12.5K $3.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the Reporting Person to satisfy statutory withholding requirements in connection with the vesting of restricted stock units ("RSUs").
F2 RSUs granted to the Reporting Person under the Issuer's Amended and Restated 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. The RSUs vest 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, 2024 to April, 2025 and the last installment shall vest on the earlier of (i) the day before the 2025 Annual Meeting of Stockholders is held or (ii) May 31, 2025, provided that the Reporting Person continues to serve as a director of the Issuer on each such vesting date.
F3 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, 2024 to April, 2025 and the last installment shall vest on the earlier of (i) the day before the 2025 Annual Meeting of Stockholders is held or (ii) May 31, 2025, provided that the Reporting Person continues to serve as a director of the Issuer on each such vesting date.