Form 4: Verastem CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Verastem's CEO, Dan Paterson, sold 3,245 shares of common stock on August 5, 2024, to cover statutory withholding requirements related to vesting restricted stock units.
Summary
- On August 5, 2024, Dan Paterson, the President and CEO of Verastem, Inc. (VSTM), sold 3,245 shares of the company's common stock.
- The shares were sold at a price of $2.16 per share.
- This transaction was executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- Following the sale, Paterson directly owns 232,818 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate positive or negative sentiment towards the company's prospects.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with vesting restricted stock units. It is a common practice and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of stock sale transaction. |
| 08/07/2024 | Date of signature on the Form 4 filing. |
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.