Archos George Peter 4
4 · Verano Holdings Corp. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Verano (VRNO) CEO George Archos Withholds 944,668 Shares
What Happened
George P. Archos — Chair, Chief Executive Officer and President of Verano Holdings Corp. (VRNO) — had 944,668 shares of Verano common stock withheld by the issuer on June 5, 2026 to satisfy income tax withholding obligations tied to a grant of restricted stock units (RSUs). The shares were withheld at $1.17 per share, totaling approximately $1,105,262. This was a tax-withholding net settlement following the vesting/settlement of 2,500,000 RSUs and does not represent an open-market sale.
Key Details
- Transaction date: June 5, 2026; reported on Form 4 filed June 9, 2026 (within the two-business-day filing window).
- Withheld shares: 944,668 at $1.17 per share; total value ≈ $1,105,262.
- Underlying award: 2,500,000 restricted stock units vested on June 1, 2026 and settled into shares on June 5, 2026.
- Shares owned after transaction: Not specified in the disclosed excerpts of this filing.
- Footnotes of note:
- F1: Withholding to satisfy income tax obligations — explicitly “does not represent a sale.”
- F2: Archos has a 2% membership interest in two LLCs that own shares reported in the filing; he disclaims beneficial ownership of those LLC-owned shares for Section 16 purposes.
Context: This was a routine net settlement/tax-withholding event following RSU vesting (cashless/net settlement), not a market sale or purchase. Such withholdings are common to meet tax obligations and do not necessarily reflect the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock, par value $0.001
[F1]2026-06-05$1.17/sh−944,668$1,105,262→ 16,286,441 total
- 5,733,816(indirect: By LLC)
Common Stock, par value $0.001
- 1,817,688(indirect: By Trust)
Common Stock, par value $0.001
- 204,082(indirect: By LLC)
Common Stock, par value $0.001
[F2] - 204,082(indirect: By LLC)
Common Stock, par value $0.001
[F2] - 4,420,790(indirect: By LLC)
Common Stock, par value $0.001
Footnotes (2)
- [F1]Represents the number of shares of Common Stock, par value $0.001 that have been withheld by the issuer to satisfy its income tax withholding following the issuance and vesting of 2,500,000 restricted stock units of the issuer on June 1, 2026 and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale. Such restricted stock units settled into shares of Common Stock on June 5, 2026.
- [F2]Due to the Reporting Person's 2% membership interest in the E&P Archos Holdings, LLC and E&P Archos Holdings II, LLC (together, 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.