Heine Josh 4

What Happened

• Josh Heine, Verano Holdings Corp. (VRNO) Vice President & Corporate Controller, had multiple restricted stock unit (RSU) transactions on June 1, 2026. He was granted 67,948 RSUs (new award) and converted/settled previously vested RSUs into common stock (9,659 shares acquired). As part of the net settlement, 2,831 shares were withheld to satisfy income tax withholding (withholding recorded at $1.17/share, $3,312). Additional derivative settlements/dispositions of 1,816 and 7,843 RSU‑related units were reported (no cash proceeds).
• These transactions reflect awards and conversions of RSUs (not open‑market purchases or sales). The new 67,948 RSUs carry future vesting schedules; the other conversions represent settlement of previously granted RSUs.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
• Movements reported: +9,659 shares (exercise/conversion of derivative, $0.00), +67,948 shares (grant/award, $0.00); -2,831 shares withheld for taxes at $1.17/share (tax withholding = $3,312); -1,816 and -7,843 shares listed as derivative dispositions/settlements ($0.00).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: withheld shares represent net settlement for tax withholding (not an open‑market sale). RSU grants originate from plans dated June 1, 2024 and June 1, 2025 (vest schedules noted) and a new grant dated June 1, 2026 with vesting in 2027–2029.

Context

• These were RSU settlements and a new RSU grant — a compensation event rather than a market purchase or sale. The withholding of shares to cover tax obligations is routine and does not indicate an open‑market sale. The new RSU award vests over future dates, so those shares are not immediately tradable.