4//SEC Filing
Neumann Frank 4
Accession 0000904454-21-000020
CIK 0001526119other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 12:24 PM ET
Size
8.0 KB
Accession
0000904454-21-000020
Insider Transaction Report
Form 4
Verastem, Inc.VSTM
Neumann Frank
Chief Medical Officer
Transactions
- Award
Common Stock
2021-01-06+150,000→ 150,000 total - Award
Stock Option (Right to Buy)
2021-01-06+300,000→ 300,000 totalExercise: $2.22Exp: 2031-01-06→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's inducement award program. Each RSU represents the contingent right to receive one share of Common Stock. The RSUs vest as to 25% of the shares subject to the award on the first anniversary of the date of grant and as to an additional 6.25% of the shares at the end of each successive three month period following the first anniversary of the date of grant until the 4th anniversary of the date of grant (with the number of shares vesting on each vesting date rounded down to the nearest whole share, except with respect to the final vesting date on which all remaining unvested shares shall vest), provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.
- [F2]The stock option vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and as to an additional 6.25% of the shares at the end of each successive three month period following the first anniversary of the date of grant until the 4th anniversary of the date of grant (with the number of shares vesting on each vesting date rounded down to the nearest whole share, except with respect to the final vesting date on which all remaining unvested shares shall vest), provided that the Reporting Person continues to serve as an employee of or other service provider to the Issuer on each such vesting date.
Documents
Issuer
Verastem, Inc.
CIK 0001526119
Entity typeother
Related Parties
1- filerCIK 0001837786
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 12:24 PM ET
- Size
- 8.0 KB