| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRNOF | Class A Subordinate Voting Shares | Options Exercise | $0 | +14,219 | +23% | $0.000000 | 76,720 | 25 Mar 2024 | Direct | F1 |
| transaction | VRNOF | Class A Subordinate Voting Shares | Sale | $20,491 | -3,760 | -4.9% | $5.45 | 72,960 | 26 Mar 2024 | Direct | F2, F3 |
| 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 | -14,219 | -3.8% | $0.000000 | 356,394 | 25 Mar 2024 | Class A Subordinate Voting Shares | 14,219 | $0.000000 | Direct | F1, F4, F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares. |
| F2 | This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2023. |
| F3 | Represents a weighted average sale price for multiple sale transactions ranging from $5.44 to $5.4501 per share, as converted from Canadian dollars. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| F4 | The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on April 13, 2021. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share. |
| F5 | The restricted stock units vest 25% on each nine-month anniversary of March 21, 2021. |
General Counsel, Chief Legal Officer and Secretary