Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuers Purchases of Equity Securities
MARKET INFORMATION
Our common stock is publicly traded on The Nasdaq Global Market under the symbol “VSTM.”
HOLDERS
As of February 28, 2023 there were 7 holders of record of our common stock and the closing price of our common stock on The Nasdaq Global Market as of that date was $0.52. The number of holders of record does not include beneficial owners whose shares are held by nominees in street name.
DIVIDENDS
We have never declared or paid cash dividends on our common stock, and we do not expect to pay any cash dividends on our common stock in the foreseeable future.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The information required by this Item 5 of Form 10-K regarding equity compensation plans will be included in our 2023 Proxy Statement and is incorporated herein by reference.
PERFORMANCE GRAPH
The following performance graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as amended, except to the extent that we specifically incorporate it by reference into such filing.
The following graph compares the performance of our common stock to the Nasdaq Composite Index and to the Nasdaq Biotechnology Index from December 31, 2017 through December 31, 2022. The comparison assumes $100 was invested after the market closed on December 31, 2017 in our common stock and in each of the foregoing indices, and it assumes reinvestment of dividends, if any.
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Cumulative Total Return Comparison
December 31,
2017
2018
2019
2020
2021
2022
Verastem, Inc .
100.00
109.45
43.65
69.38
66.78
13.11
NASDAQ Composite
100.00
97.16
132.81
192.47
235.15
158.65
NASDAQ Biotechnology
100.00
91.14
114.03
144.15
144.18
129.59
PURCHASE OF EQUITY SECURITIES
We did not purchase any of our equity securities during the period covered by this Annual Report on Form 10-K.
Item 6. Reserved
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.