Brett Andrew Summerer - 07 Dec 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
07 Dec 2022
Net transactions value
$0
Form type
4
Filing time
09 Dec 2022, 08:35:49 UTC
Previous filing
13 Sep 2022
Next filing
12 Dec 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 +26,134 26,134 07 Dec 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 -3,694 -100% $0.000000* 0 07 Dec 2022 Class A Subordinate Voting Shares 3,694 $0.000000 Direct F2, F3
transaction VRNOF Restricted Stock Units Options Exercise $0 -22,440 -25% $0.000000 67,322 07 Dec 2022 Class A Subordinate Voting Shares 22,440 $0.000000 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.