Richard C. Tarapchak - 24 Aug 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Corporate Controller
Signature: /s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 24 Aug 2023
Net transactions value: -$30,122
Form type: 4
Filing time: 25 Aug 2023, 17:00:34 UTC
Previous filing: 05 Jun 2023
Next filing: 27 Mar 2024
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	+36,500	+539%	$0.000000	43,268	24 Aug 2023	Direct	F1
transaction	VRNOF	Class A Subordinate Voting Shares	Sale	$30,122	-11,630	-27%	$2.59	31,638	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	-36,500	-13%	$0.000000	249,531	24 Aug 2023	Class A Subordinate Voting Shares	36,500	$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 October 5, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share.
F3	32,626 of the restricted stock units vest 50% on each of the 12- and 24-month anniversaries of July 11, 2022 and 80,750 of the restricted stock units vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of July 11, 2022.
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.