Destiny Lynn Thompson - Dec 21, 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Dec 21, 2023
Transactions value $
-$5,607
Form type
4
Date filed
12/26/2023, 04:15 PM
Previous filing
Dec 21, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNOF Class A Subordinate Voting Shares Sale -$5.61K -1.53K -4.3% $3.66 34.1K Dec 21, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Certain of the shares sold in this transaction were (i) effected pursuant to sell-to-cover requirements of the Issuer and (ii) effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 31, 2023.
F2 Represents a weighted average sale price for multiple sale transactions ranging from $3.66 to $3.67 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.