Richard C. Tarapchak - Mar 7, 2025 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role: EVP, Finance
Signature: /s/ Kevan Fisher, Attorney-in-Fact
Stock symbol: VRNOF
Transactions as of: Mar 7, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/11/2025, 07:31 PM
Previous filing: Sep 5, 2024
SEC: View on sec.gov

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	+13.2K	+13.21%	$0.00	113K	Mar 7, 2025	Direct	F1
transaction	VRNOF	Class A Subordinate Voting Shares	Options Exercise	$0	+28.2K	+24.95%	$0.00	141K	Mar 7, 2025	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	-20.2K	-8.53%	$0.00	217K	Mar 7, 2025	Class A Subordinate Voting Shares	20.2K	$0.00	Direct	F1, F2, F3, F4
transaction	VRNOF	Restricted Stock Units	Options Exercise	$0	-43.2K	-19.93%	$0.00	173K	Mar 7, 2025	Class A Subordinate Voting Shares	43.2K	$0.00	Direct	F1, F3, F5, F6

* 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 October 5, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on each of the 12-, 18-, 24- and 30-month anniversaries of July 11, 2022.
F3	The restricted stock units disposed in this transaction settled on March 7, 2025.
F4	The restricted stock units were net-settled to satisfy withholding tax obligations, resulting in the issuance of 13,202 Class A subordinate voting shares.
F5	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 each of June 1, 2024 and December 1, 2024 and will thereafter vest 25% on each of June 1, 2025 and December 1, 2025.
F6	The restricted stock units were net-settled to satisfy withholding tax obligations, resulting in the issuance of 28,229 Class A subordinate voting shares.