David Spreckman - Jun 25, 2022 Form 3/A - Amendment Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Marketing Officer
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Jun 25, 2022
Transactions value $
$0
Form type
3/A - Amendment
Date filed
8/21/2023, 04:30 PM
Date Of Original Report
Jun 27, 2022
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VRNOF Class A Subordinate Voting Shares 38.4K Jun 25, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VRNOF Restricted Stock Units Jun 25, 2022 Class B Proportionate Voting Shares 8.34 $0.00 Direct F1, F2, F3, F4
holding VRNOF Restricted Stock Units Jun 25, 2022 Class B Proportionate Voting Shares 8.34 $0.00 Direct F1, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment is being filed to correctly report the reporting person's June 25, 2022 Form 3, as amended. The earlier filed June 25, 2022 Form 3/A inadvertently (a) omitted 35,000 Class A Subordinate Voting Shares owned by the reporting person, (b) reported 8.33 restricted stock units outstanding instead of 8.34 and (c) reported 18.75 restricted stock units outstanding instead of 8.34 and misstated the vesting schedule of such restricted stock units as 25% on each of the 12-, 18-, 24- and 30-month anniversaries of the date of grant instead of one-third on each 6-month anniversary of the date of grant,
F2 The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 18, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F3 The restricted stock units vest one-third on each 6-month anniversary of the date of grant.
F4 Class A Subordinate Voting Shares may be issued in lieu of Class B Proportionate Voting Shares, on an as-converted basis of 100:1, at the direction of the compensation committee of the board of directors.
F5 The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 23, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F6 The restricted stock units vest one-third on each 6-month anniversary of the date of grant.