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

Role
Corporate Controller
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Aug 24, 2023
Transactions value $
-$30,122
Form type
4
Date filed
8/25/2023, 05:00 PM
Previous filing
Jun 5, 2023
Next filing
Mar 27, 2024

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 +36.5K +539.3% $0.00 43.3K Aug 24, 2023 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Sale -$30.1K -11.6K -26.88% $2.59 31.6K 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 -36.5K -12.76% $0.00 250K Aug 24, 2023 Class A Subordinate Voting Shares 36.5K $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 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.