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

Role
President of the Southern Region, Director
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNO
Transactions as of
01 Dec 2025
Transactions value $
-$27,139
Form type
4
Filing time
03 Dec 2025, 19:22:48 UTC
Previous filing
03 Jun 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 Dec 2025 0001935774

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNO Common Stock, par value $0.001 Options Exercise $0 +122K +3.63% $0.00 3.5M 01 Dec 2025 Direct F1
transaction VRNO Common Stock, par value $0.001 Tax liability -$27.1K -29.8K -0.85% $0.91 3.47M 01 Dec 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 VRNO Restricted Stock Units Options Exercise $0 -91.8K -31.5% $0.00 200K 01 Dec 2025 Common Stock, par value $0.001 91.8K $0.00 Direct F1, F3, F4
transaction VRNO Restricted Stock Units Options Exercise $0 -30.7K -15.36% $0.00 169K 01 Dec 2025 Common Stock, par value $0.001 30.7K $0.00 Direct F1, F4, F5
* 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 Common Stock, par value, $0.001.
F2 Represents the number of shares of Common Stock, par value $0.001 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 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 share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025 and December 1, 2025.
F4 The restricted stock units disposed in this transaction settled on December 1, 2025.
F5 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 share of Common Stock, par value $0.001 and vested 25% on June 1, 2025 and December 1, 2025 and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.

Remarks:

President of the Southern Region