George Peter Archos - Jun 25, 2022 Form 3 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Executive Officer
Signature
Jacob M. Phillips, Attorney-in-Fact for George Archos
Stock symbol
VRNOF
Transactions as of
Jun 25, 2022
Transactions value $
$0
Form type
3
Date filed
6/30/2022, 08:11 PM
Next filing
Sep 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VRNOF Class A Subordinate Voting Shares 464K Jun 25, 2022 Direct
holding VRNOF Class A Subordinate Voting Shares 15.2M Jun 25, 2022 By 3PLGK, LLC
holding VRNOF Class A Subordinate Voting Shares 4.42M Jun 25, 2022 By Archos Capital Group, LLC
holding VRNOF Class A Subordinate Voting Shares 22.2M Jun 25, 2022 By Copperstone Trust
holding VRNOF Class A Subordinate Voting Shares 10.2M Jun 25, 2022 By GP Management Group, LLC
holding VRNOF Class A Subordinate Voting Shares 4.9M Jun 25, 2022 By The George P. Archos Irrevocable Trust

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 88.4 $2,366.00 Direct F1, F2, F3, F4
holding VRNOF Restricted Stock Units Jun 25, 2022 Class B Proportionate Voting Shares 528 $0.00 Direct F3, F5, F6
holding VRNOF Restricted Stock Units Jun 25, 2022 Class B Proportionate Voting Shares 1.83K $0.00 Direct F3, F5, F7
holding VRNOF Restricted Stock Units Jun 25, 2022 Class A Subordinate Voting Shares 181K $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, 2022. 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.