John Allen Tipton - 03 Jun 2024 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
President of the Southern Region, Director
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
03 Jun 2024
Net transactions value
$0
Form type
4
Filing time
05 Jun 2024, 20:12:36 UTC
Previous filing
04 Jun 2024
Next filing
18 Jun 2024
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 +91,817 +2.9% $0.000000 3,298,196 03 Jun 2024 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 -91,817 -19% $0.000000 398,075 03 Jun 2024 Class A Subordinate Voting Shares 91,817 $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 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 June 1, 2024 and thereafter will vest 25% on each six-month anniversary of June 1, 2024.
F3 The restricted stock units disposed in this transaction settled on June 3, 2024.

Remarks:

President of the Southern Region