Form 4: Verastem CEO Dan Paterson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Verastem's CEO, Dan Paterson, sold 246 shares of common stock on September 16, 2024, at a price of $2.8 per share to cover statutory withholding requirements related to vesting restricted stock units.
Summary
- On September 16, 2024, Dan Paterson, the President and CEO of Verastem, Inc. (VSTM), sold 246 shares of the company's common stock.
- The shares were sold at a price of $2.8 per share.
- The transaction was executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- Following the transaction, Paterson directly owns 232,572 shares of Verastem common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing indicates a routine transaction to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, covering tax obligations, and doesn't necessarily indicate a change in the CEO's long-term outlook for the company.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of the stock sale transaction. |
| 09/18/2024 | Date of signature for the Form 4 filing. |
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