Archos George Peter - 21 Sep 2022 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Executive Officer, Director
Signature
Jacob M. Phillips, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
21 Sep 2022
Net transactions value
$0
Form type
4
Filing time
26 Sep 2022, 13:18:19 UTC
Previous filing
30 Jun 2022
Next filing
28 Sep 2022
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 +183,334 +40% 647,400 21 Sep 2022 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Options Exercise +17,600 +2.7% 665,000 21 Sep 2022 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 -1,833 -100% $0.000000* 0 21 Sep 2022 Class B Proportionate Voting Shares 1,833 $0.000000 Direct F2, F3, F4
transaction VRNOF Restricted Stock Units Options Exercise $0 -176 -33% $0.000000 352 21 Sep 2022 Class B Proportionate Voting Shares 176 $0.000000 Direct F2, F4, F5
* 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 February 18, 2022. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F3 The restricted stock units vest 1/3rd on each 6-month anniversary of the date of grant.
F4 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.
F5 The restricted stock units vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of the date of grant.