---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-031411"
form_type: "8-K"
ticker: "VSTM"
cik: "0001526119"
company_name: "Verastem, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:23:16.576543+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Verastem reports $2M deposit at Silicon Valley Bank; depositors fully protected by FDIC

## Summary
- Company had ~$2 million on deposit at SVB when FDIC took control.
- Treasury, Fed, and FDIC announced all SVB depositors will be fully protected starting March 13, 2023.
- Verastem expects full access to its cash without loss.
- No other material exposure to SVB disclosed.

## SEC filing metadata
- accession: 0001104659-23-031411
- form_type: 8-K
- ticker: VSTM
- cik: 0001526119
- company_name: Verastem, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526119/000110465923031411/0001104659-23-031411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526119/000110465923031411/tm239294d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-031411
- JSON: https://secwatch.observer/filing/0001104659-23-031411.json
- Plain text: https://secwatch.observer/filing/0001104659-23-031411.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.