Dan Paterson - Jun 17, 2024 Form 4 Insider Report for Verastem, Inc. (VSTM)

Role: President and CEO, Director
Signature: /s/ Daniel Calkins, Attorney in Fact
Stock symbol: VSTM
Transactions as of: Jun 17, 2024
Transactions value $: -$1,439
Form type: 4
Date filed: 6/20/2024, 08:28 PM
Previous filing: Mar 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	VSTM	Common Stock	Sale	-$852	-244	-0.28%	$3.49	86.2 K	Jun 17, 2024	Direct	F1
transaction	VSTM	Common Stock	Award	$0	+150 K	+173.92%	$0.00	236 K	Jun 18, 2024	Direct	F2
transaction	VSTM	Common Stock	Sale	-$587	-183	-0.08%	$3.21	236 K	Jun 20, 2024	Direct	F1

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 as to 33.3% of the RSUs on the first three anniversaries of June 18, 2024 (the "RSU Grant Date") such that the award is fully vested on June 18, 2027 (with the number of RSUs vesting on each vesting date rounded down to the nearest whole RSU, except with respect to the final vesting date on which all remaining unvested RSUs 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 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").

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 as to 33.3% of the RSUs on the first three anniversaries of June 18, 2024 (the "RSU Grant Date") such that the award is fully vested on June 18, 2027 (with the number of RSUs vesting on each vesting date rounded down to the nearest whole RSU, except with respect to the final vesting date on which all remaining unvested RSUs 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.