Form 4: Verastem CEO Dan Paterson Sells Shares to Cover Tax Obligations

Verastem's CEO, Dan Paterson, sold shares of common stock to cover statutory withholding requirements related to the vesting of restricted stock units.

Summary

• On December 16, 2024, Dan Paterson, the President and CEO of Verastem, Inc., sold 244 shares of common stock at a price of $4.54 per share.
• Following this transaction, Paterson directly owns 231,332 shares of Verastem common stock.
• On December 19, 2024, Paterson sold 183 shares of common stock at a price of $4.37 per share.
• Following this transaction, Paterson directly owns 231,149 shares of Verastem common stock.
• The sales were executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.

Sentiment

Score: 6

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey strong positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.

Stakeholder Impact

• The stock sales may have a minor, temporary impact on the stock price, but are unlikely to have a significant long-term effect on shareholders.

Key Dates