John Allen Tipton - Jun 14, 2024 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Jun 14, 2024
Transactions value $
-$181,564
Form type
4
Date filed
6/18/2024, 09:07 PM
Previous filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNOF Class A Subordinate Voting Shares Sale -$93.1K -25.8K -0.78% $3.61 3.27M Jun 14, 2024 Direct F1, F2
transaction VRNOF Class A Subordinate Voting Shares Sale -$88.5K -26.4K -0.81% $3.35 3.25M Jun 18, 2024 Direct F3, F4
* 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 This transaction represents the sale of Class A subordinate voting shares pursuant to a sell-to-cover transaction in order to satisfy tax withholding obligations in connection with the settlement of Restricted Stock Units previously granted to the Reporting Person. This sale was effected pursuant to sell-to-cover transactions at the Company's sole discretion as agreed to by the Reporting Person in grant agreements signed upon the initial issuance of Restricted Stock Units on June 1, 2023 and does not represent a discretionary sale by the Reporting Person.
F2 Represents a weighted average sale price for multiple sale transactions ranging from $3.16 to $3.90 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.
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 28, 2023.
F4 Represents a weighted average sale price for multiple sale transactions ranging from $3.3301 to $3.4001 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.