Laura Marie Kalesnik - 24 Aug 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
Issuer symbol
VRNOF
Transactions as of
24 Aug 2023
Net transactions value
-$15,758
Form type
4
Filing time
25 Aug 2023, 17:00:27 UTC
Previous filing
28 Jun 2023
Next filing
05 Sep 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 +14,219 +35% $0.000000 54,407 24 Aug 2023 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Sale $15,758 -6,084 -11% $2.59 48,323 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 -14,219 -3.9% $0.000000 350,254 24 Aug 2023 Class A Subordinate Voting Shares 14,219 $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 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