Form 4: Verastem Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Robert E. Gagnon sold 287 shares of Verastem, Inc. (VSTM) on September 16, 2024, to cover statutory withholding requirements related to vesting restricted stock units.
Summary
- On September 16, 2024, Robert E. Gagnon, a director of Verastem, Inc. (VSTM), sold 287 shares of common stock at a price of $2.8 per share.
- The sale was executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- Following the transaction, Gagnon directly owns 35,023 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of 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 company executives and directors.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of stock sale transaction |
| 09/18/2024 | 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.