John Mazarakis - 13 Nov 2025 Form 4 Insider Report for Vireo Growth Inc. (VREOF)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: VREOF
Reported as of: 13 Nov 2025
Net transaction value: -$2,771,420
SEC form: 4
Accepted by SEC: 30 Dec 2025, 16:01:40 UTC
Prior SEC filing: 16 Oct 2025
Next SEC filing: 22 Apr 2026
Source filing: View source filing
Reporting owner signature: /s/ Nicole A. Edmonds, Attorney-in-Fact for John Mazarakis

Key filing fact

John Mazarakis filed Form 4 for Vireo Growth Inc. (VREOF) on 30 Dec 2025.

Key facts

This page summarizes John Mazarakis's Form 4 filing for Vireo Growth Inc. (VREOF).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Dec 2025, 16:01.

Change

Previous filing in this sequence was filed on 16 Oct 2025.
Current net transaction value: -$2,771,420.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001867660 Primary reporting owner

Mazarakis John

Relationship: Chief Executive Officer, Director
Address: C/O VIREO GROWTH INC., 207 SOUTH 9TH STREET, MINNEAPOLIS
Signature: /s/ Nicole A. Edmonds, Attorney-in-Fact for John Mazarakis
Signature date: 30 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VREOF transaction

Subordinate Voting Shares

Award

Transaction value
Shares: +2,037,736
Change %: +64%
Price
Shares after: 5,237,736
Date: 13 Nov 2025
Ownership: Direct
Footnotes: F1

VREOF transaction

Subordinate Voting Shares

Award

Transaction value
Shares: +5,700,000
Change %: +109%
Price
Shares after: 10,937,736
Date: 17 Dec 2025
Ownership: Direct
Footnotes: F2

VREOF transaction

Subordinate Voting Shares

Award

Transaction value
Shares: +3,200,000
Change %: +29%
Price
Shares after: 14,137,736
Date: 17 Dec 2025
Ownership: Direct
Footnotes: F1

VREOF transaction

Subordinate Voting Shares

Tax liability

Transaction value: $424,980
Shares: -801,849
Change %: -5.7%
Price: $0.5300
Shares after: 13,335,887
Date: 29 Dec 2025
Ownership: Direct
Footnotes: F3

VREOF transaction

Subordinate Voting Shares

Tax liability

Transaction value: $2,346,440
Shares: -3,502,150
Change %: -26%
Price: $0.6700
Shares after: 9,833,737
Date: 29 Dec 2025
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VREOF transaction Derivative

Restricted stock units

Options Exercise

Transaction value: $0
Shares: -5,700,000
Change %: -30%
Price: $0.000000
Shares after: 13,300,000
Date: 17 Dec 2025
Ownership: Direct
Underlying class: subordinate voting shares
Underlying amount: 5,700,000
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share. Represents RSUs granted to the reporting person that vest and settle immediately.

Footnote F2

The reporting person's original Form 4 filed May 13, 2025 inadvertently included an incorrect vesting schedule. The corrected vesting schedule is as follows: 5,700,000 RSUs on December 17, 2025; 6,650,000 RSUs, at any time on or after December 17, 2026, on the day immediately following the date on which the subordinate voting shares have reached a 30-day volume-weighted average price ("VWAP") that exceeds US$0.85; and 6,650,000 RSUs, at any time on or after December 17, 2027, on the day immediately following the date on which the subordinate voting shares have reached a 30-day VWAP that exceeds US$1.05 (subject to Mr. Mazarakis remaining a Service Provider on each such vesting date).

Footnote F3

Certain RSUs held by the reporting person vested on November 13, 2025; however, such RSUs were not settled and the subordinate voting shares underlying such RSUs were not issued to the reporting person until December 29, 2025. As of December 29, 2025, 801,849 subordinate voting shares were withheld for tax purposes.

Footnote F4

Certain RSUs held by the reporting person vested on December 17, 2025; however, such RSUs were not settled and the subordinate voting shares underlying such RSUs were not issued to the reporting person until December 29, 2025. As of December 29, 2025, 3,502,150 subordinate voting shares were withheld for tax purposes.