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: Paterson Dan (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-11	Stock Option (right to buy)	$110.28	D	12064	Disposed	2025-01-08	Common Stock (12064)	Direct
2024-03-11	Stock Option (right to buy)	$25.56	D	11166	Disposed	2025-11-08	Common Stock (11166)	Direct
2024-03-11	Stock Option (right to buy)	$22.32	D	5500	Disposed	2025-12-31	Common Stock (5500)	Direct
2024-03-11	Stock Option (right to buy)	$16.44	D	8333	Disposed	2026-06-13	Common Stock (8333)	Direct
2024-03-11	Stock Option (right to buy)	$35.64	D	6249	Disposed	2028-01-05	Common Stock (6249)	Direct
2024-03-11	Stock Option (right to buy)	$35.64	D	3750	Disposed	2028-01-05	Common Stock (3750)	Direct
2024-03-11	Stock Option (right to buy)	$42.12	D	6250	Disposed	2029-01-03	Common Stock (6250)	Direct
2024-03-11	Stock Option (right to buy)	$21.72	D	20832	Disposed	2029-06-21	Common Stock (20832)	Direct
2024-03-11	Stock Option (right to buy)	$16.08	D	16666	Disposed	2029-12-13	Common Stock (16666)	Direct
2024-03-11	Stock Option (right to buy)	$16.08	D	12500	Disposed	2029-12-13	Common Stock (12500)	Direct
2024-03-11	Stock Option (right to buy)	$26.40	D	33962	Disposed	2030-12-18	Common Stock (33962)	Direct
2024-03-11	Stock Option (right to buy)	$28.32	D	30708	Disposed	2031-01-04	Common Stock (30708)	Direct
2024-03-11	Stock Option (right to buy)	$11.44	A	144137	Acquired	2034-03-11	Common Stock (144137)	Direct
2024-03-11	Stock Option (right to buy)	$11.44	A	23843	Acquired	2034-03-11	Common Stock (23843)	Direct

Footnotes

F1: On March 11, 2024, pursuant to the Issuer's option exchange program, the Issuer canceled certain eligible unexercised options granted to the Reporting Person with an exercise price greater than $15. In exchange, the Reporting Person received (i) in the case of the canceled options that were fully vested as of March 8, 2024, a grant of 144,137 stock options that will vest in two equal installments over a two-year period from March 11, 2024 (the "Grant Date") and (ii) in the case of the canceled options there were unvested as of March 8, 2024, a grant of 23,843 stock options that will vest as to 25% on the first anniversary of the Grant Date and as to an additional 6.25% at the end of each successive three-month period following the first anniversary of the Grant Date until the fourth anniversary of the Grant Date, subject to the Reporting Person's continued service to the Issuer on the vesting date.

F2: The canceled option was granted on January 8, 2015 and provided for vesting as to 25% of the shares underlying the option on the first anniversary of the grant date and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period following the first anniversary of the grant date until the fourth anniversary of the grant date.

F3: The canceled option was granted on November 9, 2015 and provided for vesting as to 50% of the shares underlying the option on the first anniversary of the grant date, and vesting as to the remaining 50% of the shares underlying the option on the second anniversary of the grant date.

F4: The canceled option was granted on January 1, 2016 and provided for vesting as to 50% of the shares underlying the option on November 9, 2016, and vesting as to the remaining 50% of the shares underlying the option on November 9, 2017.

F5: The canceled option was granted on June 14, 2016 and provided for vesting as to 50% of the shares underlying the option upon satisfaction of a certain performance milestone met in June 2017, and vesting as to the remaining 50% of the shares underlying the option upon satisfaction of a certain performance milestone met in September 2017.

F6: The canceled option was granted on January 5, 2018 and provided for vesting as to 25% of the shares underlying the option on January 1, 2019 and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period after such date until January 1, 2022.

F7: The canceled option was granted on January 5, 2018 and provided for vesting based on the achievement of certain performance milestones which were met by June 30, 2018 and by March 31, 2019.

F8: The canceled option was granted on January 3, 2019 and provided for vesting as to 25% of the shares underlying the option on January 1, 2020 and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period after such date until January 1, 2023.

F9: The canceled option was granted on June 21, 2019 and provided for vesting as to 50% of the shares underlying the option on the first anniversary of the grant date and, thereafter, vesting as to 12.5% of the shares underlying the option on each successive three month period after such date until the second anniversary of the grant date.

F10: The canceled option was granted on December 13, 2019 and provided for vesting as to 50% of the shares underlying the option on the first anniversary of the grant date and vesting as to 12.5% of the shares underlying the option at the end of each successive three-month period following the first anniversary of grant date until the second anniversary of the grant date.

F11: The canceled option was granted on December 13, 2019 and provided for vesting as to 25% of the shares underlying the option on the first anniversary of the grant date and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period after such date until the fourth anniversary of the grant date.

F12: The canceled option was granted on December 18, 2020 and provided for vesting as to 25% of the shares underlying the option on the first anniversary of the grant date and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period following the first anniversary of the grant date until the fourth anniversary of the grant date.

F13: The canceled option was granted on December 15, 2021 and provided for vesting as to 25% of the shares underlying the option on the first anniversary of the grant date and, thereafter, vesting as to 6.25% of the shares underlying the option at the end of each successive three-month period following the first anniversary of the grant date until the fourth anniversary of the grant date.