David Spreckman - 07 Mar 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: EVP, Marketing
Signature: Jacob M. Phillips, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 07 Mar 2023
Net transactions value: +$2,185
Form type: 4
Filing time: 09 Mar 2023, 14:23:49 UTC
Previous filing: 21 Aug 2023
Next filing: 13 Mar 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	$2,185	+650	+23%	$3.36	3,421	07 Mar 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	-6	-100%	$0.000000^*	0	07 Mar 2023	Class B Proportionate Voting Shares	6	$0.000000	Direct	F2, F3, 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 23, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F3	The restricted stock units vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of the date of grant.
F4	Class A Subordinate Voting Shares may be issued in lieu of Class B Proportionate Voting Shares, on an as-converted basis of 100: 1, at the discretion of the compensation committee of the board of directors.