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

Role: Chief Financial Officer
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.

Content

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.