SCHEDULE: Balyasny Asset Management Discloses 6.18% Stake in Verastem

Balyasny Asset Management and its affiliates have reported a 6.18% beneficial ownership stake in Verastem Inc., comprising common stock and warrants.

Summary

• Balyasny Asset Management L.P. and its affiliated entities (BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny) collectively reported beneficial ownership of 4,767,154 shares of Verastem Inc. common stock.
• This ownership represents approximately 6.18% of Verastem Inc.'s outstanding common stock.
• The calculation is based on 77,154,709 shares outstanding as of November 17, 2025, as reported in Verastem's Prospectus on Form 424B5.
• The reported amount includes 3,195,726 common shares and 1,571,428 shares issuable upon the exercise of warrants.
• The warrants are subject to a beneficial ownership limitation, preventing exercise if it would result in ownership exceeding 9.99% of the outstanding shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Verastem Inc.
• Atlas Diversified Master Fund, Ltd. (ADMF), an investment management client of Balyasny Asset Management, is the direct holder of these securities.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a reputable institutional investor has disclosed a significant stake, which can imply confidence in Verastem Inc.'s valuation or future prospects.

Positives

• A significant institutional investor, Balyasny Asset Management, holds a substantial stake, potentially signaling confidence in Verastem Inc.'s long-term prospects.
• The inclusion of warrants suggests a potential for increased future investment if the warrants are exercised.

Risks

• The beneficial ownership limitation on warrants (9.99%) could restrict Balyasny's ability to increase its stake significantly through warrant exercise, potentially limiting its influence or further investment.
• The investment is held by an investment management client (ADMF), meaning Balyasny's control is indirect and subject to client mandates.

Industry Context

StockSavvy.ai notes that the disclosure of a significant stake by a prominent asset manager like Balyasny Asset Management often draws attention to the underlying company, Verastem Inc. Such institutional interest can be viewed positively by the market, suggesting a professional assessment of value or potential.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor's stake may increase investor confidence and potentially attract further institutional interest, positively impacting share price.
• Management: Increased institutional ownership can lead to greater scrutiny and engagement from large shareholders regarding corporate strategy and performance.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by Balyasny Asset Management is generally a positive indicator of confidence, this Schedule 13G filing provides no new operational or financial data about Verastem Inc. to warrant a 'buy' or 'sell' recommendation. It primarily confirms a substantial passive investment, suggesting investors should hold their positions while awaiting further company-specific news or financial updates.

Keywords

Verastem Inc., Balyasny Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investor, Investment Management