Archos George Peter 4

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.