George Peter Archos - Jun 3, 2024 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Executive Officer, Director
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Stock symbol
VRNOF
Transactions as of
Jun 3, 2024
Transactions value $
$0
Form type
4
Date filed
6/5/2024, 08:46 PM
Previous filing
Jun 4, 2024
Next filing
Jun 18, 2024

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 +135K +0.95% $0.00 14.4M Jun 3, 2024 Direct F1
holding VRNOF Class A Subordinate Voting Shares 1.82M Jun 3, 2024 By Copperstone Trust
holding VRNOF Class A Subordinate Voting Shares 204K Jun 3, 2024 By E&P Archos Holdings, LLC F2
holding VRNOF Class A Subordinate Voting Shares 204K Jun 3, 2024 By E&P Archos Holdings II, LLC F2
holding VRNOF Class A Subordinate Voting Shares 4.42M Jun 3, 2024 By Archos Capital Group, LLC
holding VRNOF Class A Subordinate Voting Shares 10.2M Jun 3, 2024 By GP Management Group, LLC

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 -35.2K -5.86% $0.00 566K Jun 3, 2024 Class A Subordinate Voting Shares 35.2K $0.00 Direct F1, F3, F4
transaction VRNOF Restricted Stock Units Options Exercise $0 -100K -17.72% $0.00 465K Jun 3, 2024 Class A Subordinate Voting Shares 100K $0.00 Direct F1, F5, F6
* 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 Share
F2 Due to the Reporting Person's 2% membership interest in the LLCs, the Reporting Person may be deemed to beneficially own the number of Shares detailed in Table I. This filing shall not be deemed an admission that such Reporting Person is, for purposes of section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the equity securities reported in Table I owned by the LLCs. Mr. Archos expressly disclaims his beneficial ownership of the Shares reported in Table I owned by the LLCs.
F3 The restricted stock units disposed in this transaction 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 and vested 25% on June 1, 2023, 25% on December 1, 2023 and 25% on June 1, 2024 and will thereafter vest 25% on December 1, 2024.
F4 The restricted stock units disposed in this transaction settled on June 3, 2024.
F5 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.
F6 The restricted stock units disposed in this transaction settled on June 3, 2024.