Edward Aloysious McDermott III - Jun 3, 2024 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Operating Officer
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, 07:52 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 +86.4K +188.74% $0.00 132K Jun 3, 2024 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 -8.63K -2.11% $0.00 400K Jun 3, 2024 Class A Subordinate Voting Shares 8.63K $0.00 Direct F1, F2, F3
transaction VRNOF Restricted Stock Units Options Exercise $0 -6.54K -1.63% $0.00 394K Jun 3, 2024 Class A Subordinate Voting Shares 6.54K $0.00 Direct F1, F4, F5
transaction VRNOF Restricted Stock Units Options Exercise $0 -47K -11.93% $0.00 347K Jun 3, 2024 Class A Subordinate Voting Shares 47K $0.00 Direct F1, F6, F7
transaction VRNOF Restricted Stock Units Options Exercise $0 -24.3K -7.01% $0.00 323K Jun 3, 2024 Class A Subordinate Voting Shares 24.3K $0.00 Direct F1, F8, F9
* 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 disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 16, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on November 29, 2022, 25% on May 29, 2023, 25% on November 29, 2023 and 25% on May 29, 2023.
F3 The restricted stock units disposed in this transaction settled on June 3, 2024.
F4 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.
F5 The restricted stock units disposed in this transaction settled on June 3, 2024.
F6 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.
F7 The restricted stock units disposed in this transaction settled on June 3, 2024.
F8 The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on September 1, 2023. Each restricted stock unit represents 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.
F9 The restricted stock units disposed in this transaction settled on June 3, 2024.