Archos George Peter - 24 Aug 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 24 Aug 2023
Net transactions value: -$12,069
Form type: 4
Filing time: 25 Aug 2023, 17:00:23 UTC
Previous filing: 28 Jun 2023
Next filing: 18 Dec 2023
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	Options Exercise	$0	+17,600	+2.6%	$0.000000	697,257	24 Aug 2023	Direct	F1
transaction	VRNOF	Class A Subordinate Voting Shares	Sale	$12,069	-4,660	-0.67%	$2.59	692,597	24 Aug 2023	Direct	F4

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
transaction	VRNOF	Restricted Stock Units	Options Exercise	$0	-17,600	-3.4%	$0.000000	506,759	24 Aug 2023	Class A Subordinate Voting Shares	17,600	$0.000000	Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
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 A Subordinate Voting Share.
F3	The restricted stock units vest 25% on the 12-month anniversary of February 18, 2021, and 25% on each of the following three six-month anniversaries thereafter.
F4	Represents a weighted average sale price for multiple sale transactions ranging from $2.6504 to $2.5410 per share, as converted from Canadian dollars. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.