Verastem, Inc. — Director's Dealing 2024

Mar 13, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Verastem, Inc. (VSTM)
CIK: 0001526119
Period of Report: 2024-03-11

Reporting Person: Bunn Paul A. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-11	Stock Option (right to buy)	$53.16	D	6113	Disposed	2031-06-24	Common Stock (6113)	Direct
2024-03-11	Stock Option (right to buy)	$11.44	A	6113	Acquired	2034-03-11	Common Stock (6113)	Direct

Footnotes

F1: On March 11, 2024, the Issuer cancelled, pursuant to the Issuer's option exchange program, certain eligible unexercised options with an exercise price greater than $15.00 granted to the Reporting Person. In exchange, the Reporting Person received a grant of 6,113 stock options that will vest in two equal installments over a two-year period from March 11, 2024 (with the number of shares vesting on each vesting date will be rounded down to the nearest whole share, except with respect to the vesting dates on which all remaining unvested shares shall vest), provided the Reporting Person continues to serve as a director of or other service provider to the Issuer on each such vesting date.

F2: The canceled stock option was granted on June 24, 2021, and provided for vesting in twelve equal month installments beginning on the last day of each month over a period from June 2021 to May 2022.