Nordquist Judd Theodore 4
4 · Vireo Growth Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Vireo Growth (VREOF) Director Judd Nordquist Receives Awards
What Happened
Judd Theodore Nordquist, a director of Vireo Growth Inc. (VREOF), was granted derivative awards on May 15, 2026 totaling 387,675 shares (115,506; 96,859; 95,310; and 80,000). All grants are reported at $0.00 per share, indicating they are compensation awards (stock options and/or restricted stock units), not open-market purchases.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (appears timely under the two-business-day rule).
- Grants: 115,506; 96,859; 95,310; and 80,000 — total 387,675 derivative awards at $0.00.
- Type: Derivative awards (stock options and RSUs) as described in filing footnotes.
- Vesting/settlement notes from the filing:
- Some options vest one‑third on grant, one‑third on March 31, 2027, and one‑third on March 31, 2028. (F1)
- Some options vest in equal annual tranches over three years from the grant date. (F4)
- Each RSU represents a contingent right to one subordinate voting share. (F2)
- RSUs vest one‑third on grant, one‑third on March 31, 2027, and one‑third on March 31, 2028; vested RSUs settle in cash, shares, or a combination within 30 days of vesting. (F3)
- Shares owned after the transaction: not specified in the information provided.
Context
These are grant awards (compensation), not purchases or sales — grants at $0.00 are common for option/RSU awards. Vesting schedules mean the awards will convert to exercisable options or deliverable shares (or cash for RSUs) over the next one to two years, so they do not represent immediate share acquisition or liquidation.
Insider Transaction Report
- Award
Stock options (right to buy)
[F1]2026-05-15+115,506→ 115,506 totalExercise: $0.42Exp: 2036-05-14→ Subordinate voting shares (115,506 underlying) - Award
Restricted stock units
[F2][F3]2026-05-15+96,859→ 96,859 total→ Subordinate voting shares (96,859 underlying) - Award
Stock options (right to buy)
[F4]2026-05-15+95,310→ 95,310 totalExercise: $0.42Exp: 2036-05-14→ Subordinate voting shares (95,310 underlying) - Award
Restricted stock units
[F2][F3]2026-05-15+80,000→ 80,000 total→ Subordinate voting shares (80,000 underlying)
Footnotes (4)
- [F1]Each stock option vests on the following schedule: one-third (1/3) of the options vest on the grant date, one-third (1/3) vest on March 31, 2027 and the remaining one-third (1/3) vest on March 31, 2028.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.
- [F3]The RSUs vest on the following schedule: one-third (1/3) of the RSUs vest on the grant date, one-third (1/3) vest on March 31, 2027 and the remaining one-third (1/3) vest on March 31, 2028. Vested RSUs settle in cash, subordinate voting shares, or a combination of both as soon as practicable (but not more than 30 days) following the date upon which the RSUs become vested.
- [F4]Each stock option vests in equal annual tranches over a three-year period commencing on the date of grant.