Victor E. Mancebo - Aug 23, 2024 Form 4 Insider Report for Vireo Growth Inc. (VREOF)

Role
Director
Signature
/s/ Nicole A. Edmonds, Attorney-in-Fact
Stock symbol
VREOF
Transactions as of
Aug 23, 2024
Transactions value $
$0
Form type
4
Date filed
2/25/2025, 04:04 PM
Previous filing
Dec 21, 2022
Next filing
Jan 22, 2025
SEC
View on sec.gov

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 VREOF Stock options (right to buy) Award $0 +500K $0.00 500K Aug 23, 2024 Subordinate voting shares 500K $0.47 Direct F1
transaction VREOF Restricted stock units Award $0 +419K $0.00 419K Aug 23, 2024 Subordinate voting shares 419K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest immediately as to 434,943 subordinate voting shares and on 8/22/2025 as to 64,616 subordinate voting shares.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.
F3 364,583 RSUs vested immediately and 54,113 RSUs vest on 8/22/2025. Vested RSUs settle in cash or shares on (a) the third anniversary of the grant date; (b) on the death or permanent disability of the reporting person; (c) upon a change in control of the company; or (d) 18 months after the separation of service of the reporting person with or without cause.