Aaron Nathaniel Miles - Jun 25, 2022 Form 3 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Chief Investment Officer
Signature: Jacob M. Phillips, Attorney-in-Fact for Aaron Miles
Stock symbol: VRNOF
Transactions as of: Jun 25, 2022
Transactions value $: $0
Form type: 3
Date filed: 6/27/2022, 05:29 PM
Next filing: Aug 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VRNOF	Class A Subordinate Voting Shares						39.7K	Jun 25, 2022	Direct

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
holding	VRNOF	Nonqualified Stock Option							Jun 25, 2022	Class B Proportionate Voting Shares	17.1	$2,366.00	Direct	F1, F2, F3, F4
holding	VRNOF	Restricted Stock Units							Jun 25, 2022	Class B Proportionate Voting Shares	93	$0.00	Direct	F3, F5, F6
holding	VRNOF	Restricted Stock Units							Jun 25, 2022	Class B Proportionate Voting Shares	133	$0.00	Direct	F3, F5, F7
holding	VRNOF	Restricted Stock Units							Jun 25, 2022	Class A Subordinate Voting Shares	95.1K	$0.00	Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 18, 2021.
F2	The stock options vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of the date of grant.
F3	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.
F4	The stock options have an exercise price of $3,060 Canadian dollars per Class B Proportionate Voting Share.
F5	The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 18, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F6	The restricted stock units vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of the date of grant.
F7	The restricted stock units vest 25% on each 6-month anniversary of the date of grant.
F8	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.
F9	The restricted stock units vest 41.5% on the 12-month anniversary of June 1, 2022, and 19.5% on each of the following three six-month anniversaries thereafter.