STOCK TITAN

Verastem officer plans $353K share sale for taxes

The notice says the planned sale is intended to cover withholding taxes upon vesting of restricted stock unit awards.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Verastem, Inc. officer and director Dan Paterson reported a planned sale of 44,121 common shares on October 1, 2026, with an aggregate market value of $353,047. The shares are to be sold to cover withholding taxes upon vesting of restricted stock unit awards. The notice also lists 1,302 shares sold during the prior three months for $7,565.

Shares planned for sale 44,121 common shares Approximate sale date: October 1, 2026
Aggregate market value $353,047 Shares planned for sale
Shares outstanding 90,563,441 shares Reported in the securities information section
Shares sold 1,302 shares Sales during the past three months
Aggregate value of shares sold $7,565 Sales during the past three months
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock unit award technical
"Vesting of restricted stock unit award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
withholding taxes financial
"Shares to be sold to cover withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
aggregate market value financial
"353047.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many VSTM shares did Dan Paterson plan to sell?

Dan Paterson, identified as a Verastem officer and director, reported a planned sale of 44,121 common shares on October 1, 2026, with an aggregate market value of $353,047. The stated purpose is to cover withholding taxes upon vesting of restricted stock unit awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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