Macdonald Tyson 4
4 · Vireo Growth Inc. · Filed May 13, 2025
Insider Transaction Report
Form 4
Vireo Growth Inc.VREOF
Macdonald Tyson
Chief Financial Officer
Transactions
- Award
Restricted stock units
2025-05-09+9,500,000→ 9,500,000 total→ subordinate voting shares (9,500,000 underlying) - Award
Restricted stock units
2025-05-09+9,500,000→ 9,500,000 total→ subordinate voting shares (9,500,000 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: 2,850,000 RSUs on March 6, 2026; 3,325,000 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 3,325,000 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. Macdonald 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.