Form 4: Verastem CEO Dan Paterson Sells 820 Shares to Cover Tax Obligations
SEC Form 4 Filing
Verastem's CEO, Dan Paterson, sold 820 shares of common stock on May 5, 2025, to cover statutory withholding requirements related to the vesting of restricted stock units.
Summary
- On May 5, 2025, Dan Paterson, the President and CEO of Verastem, Inc. (VSTM), sold 820 shares of the company's common stock.
- The sale was executed at a price of $7.3 per share.
- This transaction was conducted to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- Following the transaction, Paterson directly owns 345,659 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) by the CEO, which is neither particularly positive nor negative for the company's outlook.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax obligations. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of stock sale transaction |
| 05/07/2025 | Date of signature on the Form 4 filing |
Keywords
Verastem, Dan Paterson, VSTM, stock sale, Form 4, CEO, restricted stock units, statutory withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.