Form 4: Verastem Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Robert E. Gagnon sold Verastem (VSTM) shares on March 18th and 19th to cover statutory withholding requirements related to vesting restricted stock units.
Summary
- Robert E. Gagnon, a director of Verastem, Inc. (VSTM), sold shares of common stock on March 18 and March 19, 2024.
- The sales were executed to satisfy statutory withholding requirements associated with the vesting of restricted stock units.
- On March 18, 2024, 283 shares were sold at a price of $10.71 per share.
- On March 19, 2024, 130 shares were sold at a price of $10.38 per share.
- Following these transactions, Gagnon directly owns 27,391 shares of Verastem common stock.
Sentiment
Score: 5
Explanation: The document describes routine transactions (share sales for tax obligations) and doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for directors and officers.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Sale of 283 shares of common stock at $10.71 per share. |
| 03/19/2024 | Sale of 130 shares of common stock at $10.38 per share. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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