4//SEC Filing
Mazarakis John 4
Accession 0001104659-25-047558
CIK 0001771706other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 7:00 AM ET
Size
8.9 KB
Accession
0001104659-25-047558
Insider Transaction Report
Form 4
Vireo Growth Inc.VREOF
Mazarakis John
DirectorChief Executive Officer
Transactions
- Award
Restricted stock units
2025-05-09+19,000,000→ 19,000,000 total→ subordinate voting shares (19,000,000 underlying) - Award
Restricted stock units
2025-05-09+19,000,000→ 19,000,000 total→ subordinate voting shares (19,000,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one subordinate voting share.
- [F2]The RSUs vest on the following schedule: 5,700,000 RSUs on March 6, 2026; 6,650,000 RSUs, at any time on or after March 6, 2027, on the day immediately following the date on which the subordinate voting shares have reached a 30-day volume-weighted average price ("VWAP") that exceeds US$0.85; and 6,650,000 RSUs, at any time on or after March 6, 2028, on the day immediately following the date on which the subordinate voting shares have reached a 30-day VWAP that exceeds US$1.05 (subject to Mr. Mazarakis remaining a Service Provider on each such vesting date).
- [F3]The RSUs vest on the following schedule: 1/3 on the day immediately following the date on which the Registrant's 6-month trailing, annualized, adjusted EBITDA exceeds US$150,000,000 and the net leverage of the Company is below 2.2x; 1/3 on the day immediately following the day on which the adjusted EBITDA exceeds US$165,000,000 and the net leverage of the Registrant is below 2.2x; and 1/3 on the day immediately following the date on which the adjusted EBITDA exceeds US$205,000,000 and the net leverage of the Registrant is below 2.2x.
Documents
Issuer
Vireo Growth Inc.
CIK 0001771706
Entity typeother
Related Parties
1- filerCIK 0001867660
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 7:00 AM ET
- Size
- 8.9 KB