Form 4: Verastem CFO Sells Shares for Tax Obligations

Verastem's Chief Financial Officer, Daniel Calkins, sold 5,039 shares of common stock at $7.16 per share to cover tax withholdings from restricted stock unit vesting.

Summary

• Daniel Calkins, Chief Financial Officer of Verastem, Inc. (VSTM), reported a sale of common stock.
• The transaction involved the disposition of 5,039 shares of Verastem common stock.
• The shares were sold at a price of $7.16 per share on January 12, 2026.
• The sale was executed to satisfy statutory withholding requirements related to the vesting of restricted stock units.
• Following this transaction, Daniel Calkins beneficially owns 104,719 shares of Verastem common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract or instruction.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned sale for tax purposes related to RSU vesting, which is generally considered neutral in terms of market sentiment.

Positives

• The sale was a result of the vesting of restricted stock units, indicating compensation for the Chief Financial Officer.

Negatives

• Daniel Calkins, the Chief Financial Officer, reduced his direct beneficial ownership of Verastem common stock by 5,039 shares.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but for a routine tax purpose, unlikely to signal a change in management confidence.
• Employees: The vesting of restricted stock units is a form of compensation, which can positively impact executive retention and motivation.

Key Dates

Recommendation

This Form 4 details a routine, pre-planned sale of shares by the CFO to cover tax obligations arising from restricted stock unit vesting. Such transactions are common and typically do not reflect a change in management's outlook on the company's prospects. Therefore, it does not provide sufficient new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Verastem, VSTM, Insider Transaction, Form 4, Stock Sale, CFO, Restricted Stock Units, Tax Withholding, Rule 10b5-1