Michael Kauffman - 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, 06:07 PM
Previous filing
Aug 16, 2023
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 -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $120.84 Direct F1, F2
transaction VSTM Stock Option (right to buy) Disposed to Issuer -1.5K -100% 0 Mar 11, 2024 Common Stock 1.5K $95.88 Direct F1, F3
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $16.44 Direct F1, F4
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $25.08 Direct F1, F5
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $67.08 Direct F1, F6
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $21.72 Direct F1, F7
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $21.24 Direct F1, F8
transaction VSTM Stock Option (right to buy) Disposed to Issuer -2.08K -100% 0 Mar 11, 2024 Common Stock 2.08K $49.92 Direct F1, F9
transaction VSTM Stock Option (right to buy) Award +16.1K 16.1K Mar 11, 2024 Common Stock 16.1K $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 16,078 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 June 10, 2014 and provided for vesting in twelve equal monthly installments from June 10, 2014 until June 10, 2015.
F3 The canceled stock option was granted on June 12, 2015 and provided for vesting in twelve monthly installments through June 12, 2016, with the first monthly installment vesting on July 12, 2015.
F4 The canceled stock option was granted on June 14, 2016 and provided for vesting in twelve monthly installments through June 14, 2017, with the first monthly installment vesting on July 14, 2016.
F5 The canceled stock option was granted on June 13, 2017 and provided for vesting in twelve monthly installments through June 13, 2018, with the first monthly installment vesting on July 13, 2017.
F6 The canceled stock option was granted on June 21, 2018 and provided for vesting in twelve equal monthly installments beginning on July 11, 2018 ending on June 11, 2019.
F7 The canceled stock option was granted on June 21, 2019 and provided for vesting in twelve equal monthly installments beginning on July 21, 2019 and ending on June 21, 2020.
F8 The canceled stock option was granted on June 16, 2020 and provided for vesting in twelve equal monthly installments beginning on June 30, 2020 and ending on May 31, 2021.
F9 The canceled stock option was granted on June 28, 2021 and provided for vesting in twelve equal month installments beginning on the on the last day of each month over a period from June 2021 to May 2022.