Leventis James Angelo 4

What Happened

• James Leventis, Chief Strategy and Compliance Officer of Verano Holdings (VRNO), had 200,000 restricted stock units (RSUs) granted and fully vested on June 9, 2026 and converted (settled) into 200,000 shares of common stock (exercise/conversion code M).
• To cover tax withholding, the issuer withheld 58,600 of those shares at $1.08 per share (tax withholding code F), equal to $63,288. The withholding was a net settlement to satisfy income tax obligations and is not a market sale.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 10, 2026 (timely).
• Primary action: RSU grant and immediate vest/settlement converting into 200,000 shares (M) at $0.00 exercise price (i.e., issued on vesting).
• Tax withholding: 58,600 shares withheld at $1.08/share for $63,288 (F); the filing notes this withholding "does not represent a sale."
• Shares owned after the transaction: not stated in the filing.
• Footnotes: RSUs were granted and fully vested on June 9, 2026 following Board approval; withheld shares were remitted to satisfy income tax withholding.

Context

• This was a compensation-related award and settlement (RSUs converting to stock), not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is common in net-settled equity awards and should not be interpreted as the insider selling shares on the market.