Leventis James Angelo 4

What Happened

• James Angelo Leventis, Verano's Chief Strategy & Compliance Officer, received a grant of 243,055 restricted stock units (RSUs) and had previously vested RSUs convert into common stock on June 1, 2026. The filing shows conversions/settlements of 24,126 RSU-derived shares (recorded as derivative conversions at $0.00). To satisfy tax withholding, 7,070 shares were withheld (recorded as disposed at $1.17, value $8,272). No open-market purchases or sales were reported.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely — within the two-business-day requirement).
• Grants/Conversions recorded:
  • Grant/Award (A): 243,055 RSUs @ $0.00 (new award granted on June 1, 2026).
  • Conversion/settlement (M): 24,126 shares acquired @ $0.00 (vested RSUs converted to common stock).
  • Conversions/settlements (M): 11,021 and 13,105 shares reported as disposed (these entries reflect settled RSUs reported in the filing).
  • Tax withholding (F): 7,070 shares withheld @ $1.17, value $8,272 (withholding to satisfy income tax obligations; not a public sale).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: RSU grants originate from plans dated June 1, 2024 and June 1, 2025 (vesting schedules described in the filing) and the June 1, 2026 grant vests in future tranches. The filing clarifies withheld shares were remitted to satisfy tax withholding and do not represent a sale.

Context

• These transactions are compensation-related (RSU grants and settlements), not open-market buys or discretionary insider sales. The conversions are standard net settlements and tax withholding associated with vesting and do not necessarily signal a change in insider sentiment.