Aaron Nathaniel Miles - 07 Mar 2025 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Investment Officer
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
07 Mar 2025
Net transactions value
-$3,018
Form type
4
Filing time
11 Mar 2025, 17:14:06 UTC
Previous filing
04 Dec 2024
Next filing
03 Jun 2025
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 +46,418 +28% $0.000000 213,027 07 Mar 2025 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Sale $3,018 -4,642 -2.2% $0.6501 208,385 10 Mar 2025 Direct F2

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 -70,977 -23% $0.000000 237,328 07 Mar 2025 Class A Subordinate Voting Shares 70,977 $0.000000 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2024. All shares were sold at a price of $0.6501.
F3 The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on each of June 1, 2024 and December 1, 2024 and will thereafter vest 25% on each of June 1, 2025 and December 1, 2025.
F4 The restricted stock units disposed in this transaction settled on March 7, 2025.
F5 The restricted stock units were net-settled to satisfy tax withholding obligations, resulting in the issuance of 46,418 Class A subordinate voting shares.