Laura Marie Kalesnik - Aug 24, 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
General Counsel, Chief Legal Officer and Secretary
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Aug 24, 2023
Transactions value $
-$15,758
Form type
4
Date filed
8/25/2023, 05:00 PM
Previous filing
Jun 28, 2023
Next filing
Sep 5, 2023

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 +14.2K +35.38% $0.00 54.4K Aug 24, 2023 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Sale -$15.8K -6.08K -11.18% $2.59 48.3K Aug 24, 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 -14.2K -3.9% $0.00 350K Aug 24, 2023 Class A Subordinate Voting Shares 14.2K $0.00 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 April 13, 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 each nine-month anniversary of March 21, 2021.
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.

Remarks:

General Counsel, Chief Legal Officer and Secretary