Form 4 for VSTM Verastem, Inc.
Accepted 2021-12-17 00:00:00 ET · period of report 2021-11-01 · accession 0001104659-21-151111 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-17 | 2021-11-01 | VSTM | Stuglik Brian M | CEO, Dir | F - Tax | $2.59 | -5,839 | 819.4K | -0.7% | -$15.1K |
| D | 2021-12-17 | 2021-12-15 | VSTM | Stuglik Brian M | CEO, Dir | A - Grant | $0.00 | +363.0K | 1.18M | +44% | $0 |
| D | 2021-12-17 | 2021-12-15 | VSTM | Stuglik Brian M | CEO, Dir | A - Grant | $0.00 | +737.0K | 737.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-01 | F | D | 5,839 | $2.59 | 819,381 | D | — | — | (F1) The total reflects the disposition of 5,839 shares sold by the Issuer to satisfy statutory withholding requirements upon vesting of restricted stock units, the cancellation of 191,828 restricted stock units granted to the Reporting Person in December 2020 and additional reductions of 95,665 shares previously retired and 73,472 shares previously sold, in each case by the Issuer, to satisfy statutory withholding requirements upon vesting of restricted stock units. |
| 2 | Common | Common Stock | 2021-12-15 | A | A | 363,000 | $0.00 | 1,182,381 | D | — | — | (F2) Represents restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. The RSUs vest as to 25% of the RSUs on the first anniversary of December 15, 2021 (the "RSU Grant Date") and as to an additional 6.25% of the RSUs at the end of each successive three-month period following the first anniversary of the RSU Grant Date until the fourth anniversary of the RSU Grant Date (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. |
| 3 | Derivative | Stock Option (Right to Buy) | 2021-12-15 | A | A | 737,000 | $0.00 | 737,000 | D | $2.36 · — to 2031-12-15 | 737,000 Common Stock | (F3) The option vests as to 25% of the shares on the first anniversary of December 15, 2021 (the "Option 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 Option Grant Date until the fourth anniversary of the Option 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. |