Brett Andrew Summerer - Mar 7, 2025 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
Chief Financial Officer
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, 06:25 PM
Previous filing
Dec 4, 2024
Next filing
Mar 13, 2025
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 +56.2K +61.85% $0.00 147K 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 -85.9K -23.17% $0.00 285K Mar 7, 2025 Class A Subordinate Voting Shares 85.9K $0.00 Direct F1, F2, F3, F4
* 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 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.
F3 The restricted stock units disposed in this transaction settled on March 7, 2025.
F4 The restricted stock units were net-settled to satisfy tax withholding obligations, resulting in the issuance of 56,185 Class A subordinate voting shares.