4//SEC Filing
Miles Aaron Nathaniel 4
Accession 0001935557-24-000004
CIK 0001848416other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 4:20 PM ET
Size
11.8 KB
Accession
0001935557-24-000004
Insider Transaction Report
Form 4
Miles Aaron Nathaniel
Chief Investment Officer
Transactions
- Exercise/Conversion
Class A Subordinate Voting Shares
2024-12-02+18,533→ 173,451 total - Exercise/Conversion
Restricted Stock Units
2024-12-02−18,533→ 308,305 totalExercise: $0.00→ Class A Subordinate Voting Shares (18,533 underlying) - Sale
Class A Subordinate Voting Shares
2024-12-03$1.38/sh−5,542$7,660→ 167,909 total - Sale
Class A Subordinate Voting Shares
2024-12-04$1.36/sh−1,300$1,768→ 166,609 total
Footnotes (6)
- [F1]This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
- [F2]This transaction represents the sale of Class A subordinate voting shares pursuant to a sell-to-cover transaction in order to satisfy tax withholding obligations in connection with the settlement of Restricted Stock Units previously granted to the Reporting Person. This sale was effected pursuant to sell-to-cover transactions at the Company's sole discretion as agreed to by the Reporting Person in grant agreements signed in connection with the initial issuance of Restricted Stock Units on June 23, 2022 and does not represent a discretionary sale by the Reporting Person.
- [F3]Represents a weighted average sale price for multiple sale transactions ranging from $1.36 to $1.39 per share, as converted from Canadian dollars. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2024. All shares were sold at a price of $1.3601.
- [F5]The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 23, 2022. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 25% on June 1, 2023, December 1, 2023, June 1, 2024 and December 1, 2024.
- [F6]The restricted stock units disposed in this transaction settled on December 2, 2024.
Documents
Issuer
Verano Holdings Corp.
CIK 0001848416
Entity typeother
Related Parties
1- filerCIK 0001935557
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 4:20 PM ET
- Size
- 11.8 KB