Form 4: Verastem Director Brian M. Stuglik Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Brian M. Stuglik sold Verastem (VSTM) shares on March 18 and 19, 2024, to cover statutory withholding requirements related to vesting restricted stock units.
Summary
- Brian M. Stuglik, a director of Verastem, Inc. (VSTM), reported the sale of company stock on March 18 and 19, 2024.
- The sales were executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- On March 18, 2024, 537 shares were sold at a price of $10.71 per share.
- On March 19, 2024, 273 shares were sold at a price of $10.38 per share.
- Following these transactions, Stuglik directly owns 89,640 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by a company director to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Sale of 537 shares of common stock at $10.71 per share. |
| 03/19/2024 | Sale of 273 shares of common stock at $10.38 per share. |
| 03/20/2024 | Date of signature by Daniel Calkins, Attorney in Fact. |
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