Filing Details

Accession Number:
0001935294-22-000008
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-09-06 18:14:06
Reporting Period:
2022-09-01
Accepted Time:
2022-09-06 18:14:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1848416 Verano Holdings Corp. VRNOF Agricultural Production-Crops (100) 981583243
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1935294 Andrew Brett Summerer 415 North Dearborn Street
4Th Floor
Chicago IL 60654
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Subordinate Voting Shares Acquisiton 2022-09-01 7,388 $0.00 9,790 No 4 M Direct
Class A Subordinate Voting Shares Disposition 2022-09-02 2,402 $6.48 7,388 No 4 S Direct
Class A Subordinate Voting Shares Disposition 2022-09-06 2,220 $6.47 5,168 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Subordinate Voting Shares Restricted Stock Units Disposition 2022-09-01 7,388 $0.00 7,388 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,694 No 4 M Direct
Footnotes
  1. This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
  2. Represents a weighted average sale price for multiple sale transactions ranging from $6.4913 to $6.723 per share, as converted from Canadian dollars. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
  3. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 26, 2022.
  4. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units. This sale was required by the Issuer pursuant to the Issuer's Stock and Incentive Plan and does not represent a discretionary transaction.
  5. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 16, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share.
  6. The restricted stock units vest 25% on each 3-month anniversary of December 1, 2021.
  7. As converted from Canadian dollars.