Brett Andrew Summerer - 01 Sep 2022 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief Financial Officer
Signature: Jacob M. Phillips, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 01 Sep 2022
Net transactions value: -$29,921
Form type: 4
Filing time: 06 Sep 2022, 18:14:06 UTC
Previous filing: 06 Sep 2022
Next filing: 13 Sep 2022
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		+7,388	+308%		9,790	01 Sep 2022	Direct	F1
transaction	VRNOF	Class A Subordinate Voting Shares	Sale	$15,561	-2,402	-25%	$6.48	7,388	02 Sep 2022	Direct	F2, F3
transaction	VRNOF	Class A Subordinate Voting Shares	Sale	$14,361	-2,220	-30%	$6.47	5,168	06 Sep 2022	Direct	F4, F7

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	-7,388	-67%	$0.000000	3,694	01 Sep 2022	Class A Subordinate Voting Shares	7,388	$0.000000	Direct	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 Class A Subordinate Voting Shares.
F2	Represents a weighted average sale price for multiple sale transactions ranging from $6.4913 to $6.723 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 August 26, 2022.
F4	Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units. This sale was required by the Issuer pursuant to the Issuer's Stock and Incentive Plan and does not represent a discretionary transaction.
F5	The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 16, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share.
F6	The restricted stock units vest 25% on each 3-month anniversary of December 1, 2021.
F7	As converted from Canadian dollars.