John Allen Tipton - 01 Jun 2025 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
President of the Southern Region, Director
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
01 Jun 2025
Transactions value $
-$18,788
Form type
4
Filing time
03 Jun 2025, 19:20:10 UTC
Previous filing
11 Mar 2025
Next filing
03 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Tipton John Allen President of the Southern Region, Director 224 WEST HILL STREET, SUITE 400, CHICAGO /s/ Kevan Fisher, Attorney-in-Fact 03 Jun 2025 0001935774

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 +122K +3.73% $0.00 3.41M 02 Jun 2025 Direct F1
transaction VRNOF Class A Subordinate Voting Shares Tax liability -$18.8K -29.8K -0.88% $0.63 3.38M 02 Jun 2025 Direct F2

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 Award $0 +108K +35.15% $0.00 414K 01 Jun 2025 Class A Subordinate Voting Shares 108K $0.00 Direct F3, F4
transaction VRNOF Restricted Stock Units Options Exercise $0 -91.8K -22.18% $0.00 322K 02 Jun 2025 Class A Subordinate Voting Shares 91.8K $0.00 Direct F1, F5, F6
transaction VRNOF Restricted Stock Units Options Exercise $0 -30.7K -9.52% $0.00 291K 02 Jun 2025 Class A Subordinate Voting Shares 30.7K $0.00 Direct F1, F6, F7
* 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 Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
F3 The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2025.
F4 Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and will vest 33.33% on June 1, 2026, 33.33% on June 1, 2027 and 33.34% on June 1, 2028.
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, December 1, 2024 and June 1, 2025, and will thereafter vest 25% on December 1, 2025.
F6 The restricted stock units disposed in this transaction settled on June 2, 2025.
F7 The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on June 1, 2025, and thereafter will vest 25% on each of December 1, 2025, June 1, 2026 and December 1, 2026.

Remarks:

President of the Southern Region