Laura Marie Kalesnik - 03 Jun 2024 Form 4 Insider Report for Verano Holdings Corp. (VRNOF)

Role
General Counsel, Chief Legal Officer and Secretary
Signature
/s/ Kevan Fisher, Attorney-in-Fact
Issuer symbol
VRNOF
Transactions as of
03 Jun 2024
Net transactions value
$0
Form type
4
Filing time
05 Jun 2024, 20:26:33 UTC
Previous filing
04 Jun 2024
Next filing
18 Jun 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 +100,877 +141% $0.000000 172,268 03 Jun 2024 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 -23,558 -5.1% $0.000000 441,835 03 Jun 2024 Class A Subordinate Voting Shares 23,558 $0.000000 Direct F1, F2, F3
transaction VRNOF Restricted Stock Units Options Exercise $0 -66,340 -15% $0.000000 375,495 03 Jun 2024 Class A Subordinate Voting Shares 66,340 $0.000000 Direct F1, F4, F5
transaction VRNOF Restricted Stock Units Options Exercise $0 -10,979 -2.9% $0.000000 364,516 03 Jun 2024 Class A Subordinate Voting Shares 10,979 $0.000000 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 The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 23, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on June 1, 2023, 25% on December 1, 2023 and 25% on June 1, 2024 and will thereafter vest 25% on December 1, 2024.
F3 The restricted stock units disposed in this transaction settled on June 3, 2024.
F4 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 June 1, 2024 and thereafter will vest 25% on each six-month anniversary of June 1, 2024.
F5 The restricted stock units disposed in this transaction settled on June 3, 2024.
F6 The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on September 1, 2023. Each restricted stock unit represents a contingent right to receive one Class A Subordinate Voting Share and vested 25% on June 1, 2024 and thereafter will vest 25% on each six-month anniversary of June 1, 2024.
F7 The restricted stock units disposed in this transaction settled on June 3, 2024.

Remarks:

General Counsel, Chief Legal Officer and Secretary