SCHEDULE: Stonepine Discloses 5% Stake in Verastem

Stonepine Capital entities and Jon M. Plexico have disclosed a 5.0% beneficial ownership stake in Verastem, Inc., totaling 2,833,333 shares.

Summary

• Stonepine Capital Management, LLC, Stonepine Capital, L.P., Stonepine GP, LLC, and Jon M. Plexico collectively reported beneficial ownership of 2,833,333 shares of Verastem, Inc. Common Stock.
• This ownership represents 5.0% of Verastem, Inc.'s outstanding Common Stock.
• The reported beneficial ownership includes 1,500,000 shares of Common Stock and 1,333,333 shares of Common Stock underlying warrants.
• The percentage of class was calculated based on 54,949,170 shares of Common Stock outstanding as of May 12, 2025, as reported in Verastem's Form 10-Q for the quarter ended March 31, 2025.
• The reporting persons share both voting and dispositive power over all 2,833,333 shares.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of Verastem, Inc.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership, indicating a passive investment. It does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• Each reporting person disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest therein.
• The filing on behalf of Stonepine Capital, L.P. should not be construed as an admission that it is a beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of any Common Stock covered by this Schedule 13G.

Future Outlook

NA

Industry Context

This filing indicates a passive investment by Stonepine Capital entities in Verastem, Inc., a common occurrence in the public markets where investment firms acquire stakes in companies for portfolio diversification or long-term value appreciation. It does not suggest any specific industry trend or competitive action.

Related Party Transactions

• Stonepine Capital Management, LLC is the investment adviser to Stonepine Capital, L.P.
• Stonepine GP, LLC is the general partner of Stonepine Capital, L.P.
• Jon M. Plexico is the control person of Stonepine Capital Management, LLC and Stonepine GP, LLC.

Stakeholder Impact

• Shareholders gain transparency regarding a significant institutional holder's stake in the company, which can influence market perception and trading activity.

Key Dates

Keywords

Verastem, Stonepine Capital, beneficial ownership, Schedule 13G, common stock, warrants, institutional ownership