Brett Summerer - Dec 7, 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
Dec 7, 2022
Transactions value $
$0
Form type
4
Date filed
12/9/2022, 08:35 AM
Previous filing
Sep 13, 2022
Next filing
Dec 12, 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 +26.1K 26.1K Dec 7, 2022 Direct F1

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 -3.69K -100% $0.00* 0 Dec 7, 2022 Class A Subordinate Voting Shares 3.69K $0.00 Direct F2, F3
transaction VRNOF Restricted Stock Units Options Exercise $0 -22.4K -25% $0.00 67.3K Dec 7, 2022 Class A Subordinate Voting Shares 22.4K $0.00 Direct F2, F4
* 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 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.
F3 The restricted stock units vested 25% on each 3-month anniversary of December 1, 2021.
F4 The restricted stock units vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of December 1, 2021.