Edward Max Brown - Mar 7, 2023 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: Director
Signature: Jacob M. Phillips, Attorney-in-Fact
Stock symbol: VRNOF
Transactions as of: Mar 7, 2023
Transactions value $: $56,036
Form type: 4
Date filed: 3/9/2023, 02:05 PM
Previous filing: Jul 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRNOF	Class A Subordinate Voting Shares	Options Exercise	$56K	+16.7K	+70.86%	$3.36	40.2K	Mar 7, 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%	$0.00^*	0	Mar 7, 2023	Class B Proportionate Voting Shares	167	$0.00	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.