Form 4: Verastem CEO Sells Shares for Tax Obligations

Verastem's President and CEO, Dan Paterson, sold 390 shares of common stock to cover tax withholding requirements related to restricted stock unit vesting.

Summary

• Dan Paterson, President and CEO of Verastem, Inc. (VSTM), reported a transaction involving the sale of common stock.
• The transaction occurred on September 16, 2025, and involved the disposition of 390 shares of common stock.
• The shares were sold at a price of $9.99 per share.
• The sale was executed to satisfy statutory withholding requirements in connection with the vesting of restricted stock units.
• Following this transaction, Dan Paterson beneficially owns 442,117 shares of Verastem common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary sale to cover tax obligations related to RSU vesting, which is a neutral event and does not reflect a change in management's confidence or the company's fundamentals.

Management Comments

• The sale reported on this Form 4 represents shares sold by the Reporting Person to satisfy statutory withholding requirements in connection with the vesting of restricted stock units.

Industry Context

This is a routine insider transaction, common for executives whose compensation includes restricted stock units. When these units vest, a portion of the shares is typically sold to cover the associated tax liabilities, rather than being a discretionary sale based on market outlook.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the executive's long-term view or company fundamentals.

Key Dates

Recommendation

The reported transaction is a routine, non-discretionary sale of shares by the President and CEO to cover statutory tax withholding obligations related to restricted stock unit vesting. This type of transaction does not reflect a change in management's confidence in the company's future prospects or fundamental performance, and therefore, does not warrant a change in investment recommendation based solely on this filing.

Keywords

Verastem, VSTM, Dan Paterson, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding, CEO