Form 4: Verastem CFO Daniel Calkins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Verastem's Chief Financial Officer, Daniel Calkins, sold shares of common stock on June 24, 2024, to satisfy tax withholding requirements related to vesting restricted stock units.
Summary
- On June 24, 2024, Daniel Calkins, the Chief Financial Officer of Verastem, Inc., sold 28 shares of common stock at a price of $3.15 per share.
- The sale was executed to cover statutory withholding requirements associated with the vesting of restricted stock units.
- Following the transaction, Calkins directly owns 47,290 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives are a routine part of corporate governance. They are often related to compensation such as vesting of stock options or restricted stock units, and are used to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | Date of the transaction (sale of shares) |
| 06/26/2024 | Date of signature on the Form 4 filing |
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