Erasca (ERAS) Director Michael Varney Receives 96,000-Share Award

What Happened

• Michael David Varney, a director of Erasca, Inc. (ERAS), was granted a derivative award of 96,000 shares on 2026-01-29. The award is reported at $0.00 per share (no cash paid) and is a compensatory equity grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29 (reported 2026-01-30).
• Amount: 96,000 shares; reported price: $0.00 per share (derivative award).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Vesting/footnote: The award vests 1/48th each month (monthly on the 29th or the last day of February), beginning February 2026, subject to continuous service.
• Filing timeliness: No late filing indicated in the reported Form 4.

Context

• This is a compensatory equity grant to a board member and not a market buy or sale. The award vests over four years, tying value to continued service; such grants are common for directors and do not, by themselves, indicate an immediate market action (e.g., sale).