Brett Andrew Summerer - Sep 1, 2022 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Financial Officer
Signature
Jacob M. Phillips, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Sep 1, 2022
Transactions value $
-$29,921
Form type
4
Date filed
9/6/2022, 06:14 PM
Previous filing
Sep 6, 2022
Next filing
Sep 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNOF Class A Subordinate Voting Shares Options Exercise +7.39K +307.58% 9.79K Sep 1, 2022 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Sale -$15.6K -2.4K -24.54% $6.48 7.39K Sep 2, 2022 Direct F2, F3
transaction VRNOF Class A Subordinate Voting Shares Sale -$14.4K -2.22K -30.05% $6.47 5.17K Sep 6, 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 -7.39K -66.67% $0.00 3.69K Sep 1, 2022 Class A Subordinate Voting Shares 7.39K $0.00 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.