Brett Andrew Summerer - 14 Dec 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Financial Officer
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
14 Dec 2023
Net transactions value
$0
Form type
4
Filing time
18 Dec 2023, 17:05:04 UTC
Previous filing
28 Jun 2023
Next filing
21 Dec 2023
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 $0 +37,411 +171% $0.000000 59,243 14 Dec 2023 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 -22,440 -5.5% $0.000000 388,556 14 Dec 2023 Class A Subordinate Voting Shares 22,440 $0.000000 Direct F1, F2, F3, F4
transaction VRNOF Restricted Stock Units Options Exercise $0 -14,971 -3.9% $0.000000 373,585 14 Dec 2023 Class A Subordinate Voting Shares 14,971 $0.000000 Direct F1, F4, 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 The restricted stock units disposed in this transaction 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 vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of December 1, 2021.
F4 Represents the total restricted stock units held by the reporting person following this transaction.
F5 The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 23, 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 of the 12-, 18-, 24- and 30-month anniversaries of June 1, 2022.