Cristina Maria Nunez - 23 Aug 2022 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Director
Signature: Jacob M. Phillips, Attorney-in-Fact
Issuer symbol: VRNOF
Transactions as of: 23 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 30 Aug 2022, 08:21:33 UTC
Previous filing: 30 Aug 2022
Next filing: 05 Jun 2023
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		+16,667	+59%		45,059	23 Aug 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	-167	-100%	$0.000000^*	0	23 Aug 2022	Class A Subordinate Voting Shares	16,667	$0.000000	Direct	F2, F3, F4

* 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, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
F3	The restricted stock units vested 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.