Destiny Lynn Thompson - 12 Jun 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief People Officer
Signature: Jacob M. Phillips, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 12 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Jun 2023, 17:24:00 UTC
Previous filing: 05 Jun 2023
Next filing: 29 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRNOF	Restricted Stock Units	Options Exercise	$0	+20,317	+255%	$0.000000	28,291	12 Jun 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	-20,317	-6.3%	$0.000000	301,216	12 Jun 2023	Class A Subordinate Voting Shares	20,317	$0.000000	Direct	F1, F2, F3

* 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 June 23, 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 June 1, 2022.