Tipton John Allen 4
4 · Verano Holdings Corp. · Filed Mar 11, 2025
Insider Transaction Report
Form 4
Tipton John Allen
DirectorSee remarks
Transactions
- Exercise/Conversion
Class A Subordinate Voting Shares
2025-03-07+64,593→ 3,310,577 total - Sale
Class A Subordinate Voting Shares
2025-03-10$0.65/sh−25,838$16,797→ 3,284,739 total - Exercise/Conversion
Restricted Stock Units
2025-03-07+91,817→ 306,258 totalExercise: $0.00→ Class A Subordinate Voting Shares (91,817 underlying)
Footnotes (5)
- [F1]This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
- [F2]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 28, 2023. All shares were sold at a price of $0.6501.
- [F3]The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vest 25% on each of June 1, 2024 and December 1, 2024 and will thereafter vest 25% on each of June 1, 2025 and December 1, 2025.
- [F4]The restricted stock units disposed in this transaction settled on March 7, 2025.
- [F5]The restricted stock units were net-settled to satisfy tax withholding obligations, resulting in the issuance of 64,593 Class A subordinate voting shares.