Verastem (VSTM) CFO receives 16,665-share RSU grant, now holds 121,384 shares
Rhea-AI Filing Summary
Verastem, Inc. Chief Financial Officer receives equity grant in the form of 16,665 shares of Common Stock on January 21, 2026, reported at a price of $0.00 per share as an award, not an open-market purchase. These shares arise from restricted stock units (RSUs) granted under Verastem's Amended and Restated 2021 Equity Incentive Plan, with each RSU representing the right to receive one share of Common Stock.
The RSUs vest in three equal annual installments of approximately 33.3% on each of the first three anniversaries of January 21, 2026, becoming fully vested on January 21, 2029, as long as the CFO continues to serve as an employee or other service provider on each vesting date. Following this grant, the CFO directly beneficially owns 121,384 shares of Verastem common stock.
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FAQ
What did Verastem (VSTM) report in this Form 4 filing?
Verastem reported that its Chief Financial Officer received an award of 16,665 shares of Common Stock on January 21, 2026, reported at a price of $0.00 per share as an equity grant rather than a market transaction.
How many Verastem (VSTM) shares does the CFO own after this transaction?
After the reported grant, the Chief Financial Officer beneficially owns 121,384 shares of Verastem common stock, held as direct ownership.
What type of equity did the Verastem CFO receive in this Form 4?
The CFO received restricted stock units (RSUs) under Verastem's Amended and Restated 2021 Equity Incentive Plan, with each RSU representing the right to receive one share of Common Stock.
How do the Verastem CFO’s RSUs vest?
The RSUs vest as to 33.3% on each of the first three anniversaries of January 21, 2026, so that the award is fully vested on January 21, 2029, subject to the CFO continuing to serve the company on each vesting date.
Was this a market purchase or sale of Verastem (VSTM) shares by the CFO?
No, the Form 4 describes an equity grant to the CFO coded as an "A" (acquired) transaction at $0.00 per share, indicating an award rather than an open-market trade.
Does the Verastem CFO hold the reported shares directly or indirectly?
The filing states that the 121,384 shares are held with direct (D) ownership by the Chief Financial Officer, with no separate indirect ownership entity disclosed for this transaction.