Filing Details
- Accession Number:
- 0001485597-24-000006
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-09-05 16:06:29
- Reporting Period:
- 2024-09-03
- Accepted Time:
- 2024-09-05 16:06:29
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1848416 | Verano Holdings Corp. | VRNOF | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1485597 | C Richard Tarapchak | 224 West Hill Street, Suite 400 Chicago IL 60610 | Evp, Finance | 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 | 2024-09-03 | 36,500 | $0.00 | 110,466 | No | 4 | M | Direct | |
| Class A Subordinate Voting Shares | Disposition | 2024-09-04 | 10,536 | $3.37 | 99,930 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 | 2024-09-03 | 20,187 | $0.00 | 20,187 | $0.00 |
| Class A Subordinate Voting Shares | Restricted Stock Units | Disposition | 2024-09-03 | 16,313 | $0.00 | 16,313 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 253,117 | No | 4 | M | Direct | ||
| 236,804 | No | 4 | M | Direct |
Footnotes
- This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
- 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 in connection with the initial issuance of Restricted Stock Units on October 5, 2022 and does not represent a discretionary sale by the Reporting Person.
- Represents a weighted average sale price for multiple sale transactions ranging from $3.30 to $3.41 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.
- The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on October 5, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vest 25% on each of the 12-, 18-, 24- and 30-month anniversaries of July 11, 2022. There are 20,188 unvested restricted stock units remaining under this tranche.
- The restricted stock units disposed in this transaction settled on September 3, 2024.
- The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on October 5, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 50% on each of the 12- and 24-month anniversaries of July 11, 2022. This tranche of restricted stock units is fully vested.
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