David Spreckman - Aug 24, 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief Marketing Officer
Signature: /s/ Kevan Fisher, Attorney-in-Fact
Stock symbol: VRNOF
Transactions as of: Aug 24, 2023
Transactions value $: -$557
Form type: 4
Date filed: 8/25/2023, 05:00 PM
Previous filing: Jun 29, 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	+650	+0.94%	$0.00	70K	Aug 24, 2023	Direct	F1
transaction	VRNOF	Class A Subordinate Voting Shares	Sale	-$557	-215	-0.31%	$2.59	69.8K	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	-650	-0.32%	$0.00	202K	Aug 24, 2023	Class A Subordinate Voting Shares	650	$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 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.