Filing Details

Accession Number:
0001493152-24-024356
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-18 21:07:46
Reporting Period:
2024-06-14
Accepted Time:
2024-06-18 21:07:46
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
1935777 Peter George Archos 224 West Hill Street
Suite 400
Chicago IL 60610
Chief Executive Officer Yes 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 Disposition 2024-06-14 38,085 $3.61 14,376,707 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Subordinate Voting Shares 1,817,688 Indirect By Copperstone Trust
Class A Subordinate Voting Shares 204,082 Indirect By E&P Archos Holdings, LLC
Class A Subordinate Voting Shares 204,082 Indirect By E&P Archos Holdings II, LLC
Class A Subordinate Voting Shares 4,420,790 Indirect By Archos Capital Group, LLC
Class A Subordinate Voting Shares 10,154,606 Indirect By GP Management Group, LLC
Footnotes
  1. This transaction represents the sale of Class A subordinate voting shares pursuant to a sell-to-cover transaction in order to satisfy tax withholding obligations in connection with the settlement of Restricted Stock Units previously granted to the Reporting Person. This sale was effected pursuant to sell-to-cover transactions at the Company's sole discretion as agreed to by the Reporting Person in grant agreements signed upon the initial issuance of Restricted Stock Units on (i) June 23, 2022 and (ii) June 1, 2023 and does not represent a discretionary sale by the Reporting Person.
  2. Represents a weighted average sale price for multiple sale transactions ranging from $3.16 to $3.90 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. Due to the Reporting Person's 2% membership interest in the LLCs, the Reporting Person may be deemed to beneficially own the number of Shares detailed in Table I. This filing shall not be deemed an admission that such Reporting Person is, for purposes of section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the equity securities reported in Table I owned by the LLCs. Mr. Archos expressly disclaims his beneficial ownership of the Shares reported in Table I owned by the LLCs.