Form 4: Verastem CFO Daniel Calkins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Verastem's CFO, Daniel Calkins, sold shares of common stock to cover statutory withholding requirements related to the vesting of restricted stock units.
Summary
- On September 20, 2024, Daniel Calkins, the Chief Financial Officer of Verastem, Inc., sold 65 shares of common stock at a price of $2.8 per share.
- On September 24, 2024, Calkins sold an additional 28 shares at $2.68 per share.
- These sales were executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- Following these transactions, Calkins directly owns 47,467 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Daniel Calkins sold 65 shares of Verastem common stock at $2.8 per share. |
| 09/24/2024 | Daniel Calkins sold 28 shares of Verastem common stock at $2.68 per share. |
| 09/24/2024 | Date of signature for the Form 4 filing. |
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