Edward Max Brown - 07 Mar 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Director
Signature
Jacob M. Phillips, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
07 Mar 2023
Net transactions value
+$56,036
Form type
4
Filing time
09 Mar 2023, 14:05:51 UTC
Previous filing
20 Jul 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 $56,036 +16,667 +71% $3.36 40,189 07 Mar 2023 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 07 Mar 2023 Class B Proportionate Voting Shares 167 $0.000000 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Edward Max Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 vest 1/3rd on each six-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.