03/11/2025 | Press release | Distributed by Public on 03/11/2025 17:18
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units(3) | $ 0 | 03/07/2025 | M(1) | 66,340 | (4) | (4) | Class A Subordinate Voting Shares | 66,340(5) | $ 0 | 274,618 | D | ||||
Restricted Stock Units(6) | $ 0 | 03/07/2025 | M(1) | 10,979 | (4) | (4) | Class A Subordinate Voting Shares | 10,979(7) | $ 0 | 263,639 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kalesnik Laura Marie 224 WEST HILL STREET, SUITE 400 CHICAGO, IL 60610 |
See remarks |
/s/ Kevan Fisher, Attorney-in-Fact | 03/11/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares. |
(2) | This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2024. All shares were sold at a price of $0.6501. |
(3) | 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 vested 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. |
(4) | The restricted stock units disposed in this transaction settled on March 7, 2025. |
(5) | The restricted stock units were net-settled to satisfy withholding tax obligations, resulting in the issuance of 46,670 Class A subordinate voting shares. |
(6) | The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on September 1, 2023. Each restricted stock unit reflects a contingent right to receive one Class A Subordinate Voting Share and vested 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. |
(7) | The restricted stock units were net-settled to satisfy withholding tax obligations, resulting in the issuance of 7,723 Class A subordinate voting shares. |
Remarks: General Counsel, Chief Legal Officer and Secretary |