4//SEC Filing
Archos George Peter 4
Accession 0001935777-24-000004
CIK 0001848416other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 5:27 PM ET
Size
14.4 KB
Accession
0001935777-24-000004
Insider Transaction Report
Form 4
Archos George Peter
DirectorChief Executive Officer
Transactions
- Sale
Class A Subordinate Voting Shares
2024-12-03$1.38/sh−8,751$12,096→ 14,403,169 total - Exercise/Conversion
Restricted Stock Units
2024-12-02−35,213→ 430,275 totalExercise: $0.00→ Class A Subordinate Voting Shares (35,213 underlying) - Exercise/Conversion
Class A Subordinate Voting Shares
2024-12-02+35,213→ 14,411,920 total
Holdings
- 204,082(indirect: By LLC)
Class A Subordinate Voting Shares
- 204,082(indirect: By LLC)
Class A Subordinate Voting Shares
- 1,817,688(indirect: By Trust)
Class A Subordinate Voting Shares
- 4,420,790(indirect: By LLC)
Class A Subordinate Voting Shares
- 10,154,606(indirect: By LLC)
Class A Subordinate Voting Shares
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]Due to the Reporting Person's 2% membership interest in the LLCs, the Reporting Person may be deemed to beneficially own the number of Shares detailed in Table I. This filing shall not be deemed an admission that such Reporting Person is, for purposes of section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the equity securities reported in Table I owned by the LLCs. Mr. Archos expressly disclaims his beneficial ownership of the Shares reported in Table I owned by the LLCs.
- [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 0001935777
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 5:27 PM ET
- Size
- 14.4 KB