Richard Michael Smullen - 25 Jun 2022 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Director
Signature
Jacob M. Phillips, Attorney-in-Fact for R. Michael Smullen
Issuer symbol
VRNOF
Transactions as of
25 Jun 2022
Net transactions value
-$229,967
Form type
4
Filing time
05 Jul 2022, 12:25:54 UTC
Next filing
17 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNOF Class A Subordinate Voting Shares Award $0 +164,531 +6.9% $0.000000 2,564,599 01 Jul 2022 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Tax liability $229,967 -40,064 -1.6% $5.74 2,524,535 01 Jul 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class A subordinate voting shares were issued as compensation pursuant to that certain Employment Agreement, dated March 31, 2021, entered into between the Issuer and the reporting person.
F2 Represents shares withheld by the Issuer in connection with the reporting person's net share issuance to satisfy tax liabilities.
F3 Represents the closing price of the Issuer's Class A subordinate voting shares on June 30, 2022, of $7.40 Canadian dollars, as converted to United States dollars.