Brian D. Cullen - 31 Mar 2022 Form 4 Insider Report for Verso Corp (VRS)

Role: SVP and CFO
Signature: /s/ Brian J. Russell, as Attorney-in-Fact
Issuer symbol: VRS
Transactions as of: 31 Mar 2022
Transactions value $: -$1,039,690
Form type: 4
Filing time: 31 Mar 2022, 11:13:40 UTC
Previous filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRS	Common Stock	Disposed to Issuer	-$1.04M	-38.5K	-100%	$27.00	0	31 Mar 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian D. Cullen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Agreement and Plan of Merger, dated as of December 19, 2021, by and among Verso Corporation, BillerudKorsnas Inc., West Acquisition Merger Sub Inc. and, solely for purposes of certain sections thereof, BillerudKorsnas AB (the "Merger Agreement"), at the effective time of the transactions described in the Merger Agreement ("Transactions"), all equity securities held by the Reporting Person were disposed of for cash or converted into cash based awards, as applicable, in each case, pursuant to the terms set forth in the Merger Agreement.

Content

Pursuant to that certain Agreement and Plan of Merger, dated as of December 19, 2021, by and among Verso Corporation, BillerudKorsnas Inc., West Acquisition Merger Sub Inc. and, solely for purposes of certain sections thereof, BillerudKorsnas AB (the "Merger Agreement"), at the effective time of the transactions described in the Merger Agreement ("Transactions"), all equity securities held by the Reporting Person were disposed of for cash or converted into cash based awards, as applicable, in each case, pursuant to the terms set forth in the Merger Agreement.