Vireo Growth grants Michael L. Steiner stock awards

Vested RSUs settle in cash, subordinate voting shares, or a combination as soon as practicable (but not more than 30 days) following vesting.

Available on EDGAR 11/04/2026 - 04:37 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:37 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Vireo Growth Inc. director Michael L. Steiner received options to buy 3,177 subordinate voting shares and 2,667 restricted stock units on November 3, 2026. The options were fully vested and exercisable on the grant date, have an exercise price of $12.72 per share, and expire November 3, 2036. One-third of the RSUs vest on the grant date, one-third on March 31, 2027, and the remaining one-third on March 31, 2028.

Insider Trade Summary

Grant/Award: 5,844 shares

Grant/Award 2 txns

Insider Steiner Michael L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock options (right to buy) F1	3,177	$0.00	$0.00
Grant/Award	Restricted stock units F2, F3	2,667	$0.00	$0.00

Holdings After Transaction: Stock options (right to buy) — 3,177 contracts (Direct); Restricted stock units — 2,667 contracts (Direct)

Footnotes (3)

1. F1. The stock options are fully vested and exercisable on the grant date.
2. F2. Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.
3. F3. The RSUs vest on the following schedule: one-third (1/3) of the RSUs vest on the grant date, one-third (1/3) of the RSUs vest on March 31, 2027 and the remaining one-third (1/3) of the RSUs vest on March 31, 2028. Vested RSUs settle in cash, subordinate voting shares, or a combination of both as soon as practicable (but not more than 30 days) following the date upon which the RSUs become vested.

Key Figures

Stock options: 3,177 options Exercise price: $12.72 per share Option expiration: November 3, 2036 +2 more

5 metrics

Stock options 3,177 options Granted November 3, 2026; underlying security: subordinate voting shares

Exercise price $12.72 per share Stock options granted November 3, 2026

Option expiration November 3, 2036 Stock options granted November 3, 2026

Restricted stock units 2,667 RSUs Granted November 3, 2026

RSU vesting schedule One-third on November 3, 2026; one-third on March 31, 2027; one-third on March 31, 2028 Restricted stock units granted November 3, 2026

Key Terms

stock options (right to buy), restricted stock units, contingent right, subordinate voting share

4 terms

stock options (right to buy) financial

"Stock options (right to buy)"

restricted stock units financial

"Each restricted stock unit ("RSU") represents a contingent right"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right technical

"represents a contingent right to receive one subordinate voting share"

subordinate voting share technical

"one subordinate voting share"

A subordinate voting share is a class of common stock that provides the same claim on a company’s profits as other shares but carries fewer voting rights on corporate decisions. For investors this matters because it affects how much influence they have over management and strategy—like owning the same size slice of a pie but having a smaller voice at the decision table—which can impact control, governance and long‑term value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What awards did VREOF director Michael L. Steiner receive?

Michael L. Steiner received options to buy 3,177 subordinate voting shares and 2,667 restricted stock units on November 3, 2026. The options were fully vested and exercisable on the grant date, at $12.72 per share, and expire November 3, 2036.

When do Vireo Growth's RSUs vest and settle?

One-third of the RSUs vest on November 3, 2026, one-third on March 31, 2027, and the remaining one-third on March 31, 2028. Each RSU represents a contingent right to receive one subordinate voting share. Vested RSUs settle in cash, subordinate voting shares, or a combination as soon as practicable, but not more than 30 days after vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Steiner Michael L.

(Last) (First) (Middle)

C/O VIREO GROWTH INC.

207 SOUTH 9TH STREET

(Street)

MINNEAPOLIS MINNESOTA 55402

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vireo Growth Inc. [ VREOF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: 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
Stock options (right to buy)	$12.72	11/03/2026		A		3,177		(1)	11/03/2036	Subordinate voting shares	3,177	$0	3,177	D
Restricted stock units	(2)	11/03/2026		A		2,667		(3)	(3)	Subordinate voting shares	2,667	$0	2,667	D

Explanation of Responses:

1. The stock options are fully vested and exercisable on the grant date.

2. Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.

3. The RSUs vest on the following schedule: one-third (1/3) of the RSUs vest on the grant date, one-third (1/3) of the RSUs vest on March 31, 2027 and the remaining one-third (1/3) of the RSUs vest on March 31, 2028. Vested RSUs settle in cash, subordinate voting shares, or a combination of both as soon as practicable (but not more than 30 days) following the date upon which the RSUs become vested.

	/s/ Nicole A. Edmonds, Attorney-in-Fact for Michael Steiner	11/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)