Archos George Peter - 01 Dec 2025 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief Executive Officer, Director
Signature: /s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 01 Dec 2025
Net transactions value: -$29,392
Form type: 4
Filing time: 03 Dec 2025, 20:52:17 UTC
Previous filing: 29 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Archos George Peter	Chief Executive Officer, Director	224 WEST HILL STREET, SUITE 400, CHICAGO	/s/ Kevan Fisher, Attorney-in-Fact	03 Dec 2025	0001935777

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRNO	Common Stock, par value $0.001	Options Exercise	$0	+132,639	+0.91%	$0.000000	14,706,694	01 Dec 2025	Direct	F1
transaction	VRNO	Common Stock, par value $0.001	Tax liability	$29,392	-32,299	-0.22%	$0.9100	14,674,395	01 Dec 2025	Direct	F2
holding	VRNO	Common Stock, par value $0.001						5,733,816	01 Dec 2025	By GP Management Group, LLC
holding	VRNO	Common Stock, par value $0.001						1,817,688	01 Dec 2025	By Copperstone Trust
holding	VRNO	Common Stock, par value $0.001						204,082	01 Dec 2025	By E&P Archos Holdings, LLC	F3
holding	VRNO	Common Stock, par value $0.001						204,082	01 Dec 2025	By E&P Archos Holdings II, LLC	F3
holding	VRNO	Common Stock, par value $0.001						4,420,790	01 Dec 2025	By Archos Capital Group, LLC

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	VRNO	Restricted Stock Units	Options Exercise	$0	-100,280	-31%	$0.000000	224,923	01 Dec 2025	Common Stock, par value $0.001	100,280	$0.000000	Direct	F1, F4, F5
transaction	VRNO	Restricted Stock Units	Options Exercise	$0	-32,359	-14%	$0.000000	192,564	01 Dec 2025	Common Stock, par value $0.001	32,359	$0.000000	Direct	F1, F5, F6

* 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 Common Stock, par value $0.001.
F2	Represents the number of shares of Common Stock, par value $0.001 that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
F3	Due to the Reporting Person's 2% membership interest in the E&P Archos Holdings, LLC and E&P Archos Holdings II, LLC (together, the "LLCs"), the Reporting Person may be deemed to beneficially own the number of shares detailed in Table I. This filing shall not be deemed an admission that such Reporting Person is, for purposes of section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the equity securities reported in Table I owned by the LLCs. Mr. Archos expressly disclaims his beneficial ownership of the shares reported in Table I owned by the LLCs.
F4	The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025, and December 1, 2025.
F5	The restricted stock units disposed in this transaction settled on December 1, 2025.
F6	The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on June 1, 2025, and December 1, 2025, and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.