Heine Josh 4

What Happened
Josh Heine, Vice President and Corporate Controller of Verano Holdings Corp. (VRNO), had 817 restricted stock units (RSUs) vest and convert into common stock on March 9, 2026. The issuer withheld 283 of those shares to satisfy tax withholding (reported at $1.29/share, ~$365), leaving Heine with a net 534 shares. The total gross value of the vested shares at $1.29/share was about $1,053.93; the net shares received are worth roughly $688.86 at that same price.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 10, 2026 (timely).
• Converted/settled: 817 RSUs into common stock (reported as derivative exercise/conversion).
• Withheld for taxes (not a sale): 283 shares @ $1.29 = $365.07 (issuer withholding).
• Net shares delivered to insider: 534 shares.
• Shares owned after transaction: not reported in the provided filing.
• Footnotes: RSUs were granted under Verano’s Stock and Incentive Plan (granted March 25, 2024) with scheduled vesting; the March 9, 2026 entry reflects settlement of vested RSUs.

Context
This was a routine RSU vesting and net settlement (issuer withheld shares to cover tax obligations). The withholding is not an open-market sale and does not necessarily signal buying or selling intent. For retail investors, such conversions increase insider-held shares but are generally administrative (compensation-related) rather than directional trades.