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Verano (VRNO) officer files Form 4 detailing RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verano Holdings Corp. insider reports RSU vesting and share withholding

The Chief Strategy and Compliance Officer of Verano Holdings Corp. reported transactions on December 1, 2025 involving the vesting and settlement of restricted stock units (RSUs) into common shares. A total of 36,073 shares of common stock were acquired at a price of $0 per share upon settlement of vested RSUs granted under the company’s Stock and Incentive Plan. To cover income tax withholding obligations related to this net settlement, 10,571 shares of common stock were withheld by the issuer at a price of $0.91 per share, which is stated as not representing a sale.

After these transactions, the reporting person beneficially owned 155,221 shares of Verano common stock directly, along with remaining derivative positions in RSUs, including 72,383 and 61,362 restricted stock units that continue to be held and vest on the schedules previously granted.

Positive

  • None.

Negative

  • None.
Insider Leventis James Angelo
Role See remarks
Type Security Shares Price Value
Exercise Restricted Stock Units 25,052 $0.00 --
Exercise Restricted Stock Units 11,021 $0.00 --
Exercise Common Stock, par value $0.001 36,073 $0.00 --
Tax Withholding Common Stock, par value $0.001 10,571 $0.91 $10K
Holdings After Transaction: Restricted Stock Units — 72,383 shares (Direct); Common Stock, par value $0.001 — 165,792 shares (Direct)
Footnotes (1)
  1. This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001. 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 and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale. 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 share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025 and December 1, 2025. The restricted stock units disposed in this transaction settled on December 1, 2025. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on June 1, 2025, and December 1, 2025 and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.
Form 4 Insider Transactions: What Each Field Means →
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*
Leventis James Angelo
(Last) (First) (Middle)
224 WEST HILL STREET, SUITE 400
(Street)
CHICAGO IL 60610
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Verano Holdings Corp. [ VRNO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See remarks
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
Common Stock, par value $0.001 12/01/2025 M(1) 36,073 A $0 165,792 D
Common Stock, par value $0.001 12/01/2025 F(2) 10,571 D $0.91 155,221 D
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
Restricted Stock Units(3) $0 12/01/2025 M(1) 25,052 (4) (4) Common Stock, par value $0.001 25,052 $0 72,383 D
Restricted Stock Units(5) $0 12/01/2025 M(1) 11,021 (4) (4) Common Stock, par value $0.001 11,021 $0 61,362 D
Explanation of Responses:
1. This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001.
2. 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 and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
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 share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025 and December 1, 2025.
4. The restricted stock units disposed in this transaction settled on December 1, 2025.
5. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on June 1, 2025, and December 1, 2025 and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.
Remarks:
Chief Strategy and Compliance Officer
/s/ Kevan Fisher, Attorney-in-Fact 12/03/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verano Holdings Corp. (VRNO) report on this Form 4?

The Chief Strategy and Compliance Officer reported the settlement of restricted stock units (RSUs) into Verano Holdings Corp. common stock on December 1, 2025, along with related share withholding for taxes.

How many Verano (VRNO) shares were acquired through RSU settlement?

The reporting person acquired 36,073 shares of Verano common stock at a stated price of $0 per share upon settlement of vested RSUs.

How many Verano (VRNO) shares were withheld for taxes in this Form 4?

The filing states that 10,571 shares of Verano common stock were withheld by the issuer at $0.91 per share to satisfy income tax withholding and remittance obligations, and this is noted as not representing a sale.

What is the reporting person’s Verano (VRNO) share ownership after the reported transactions?

Following the reported transactions, the reporting person directly beneficially owned 155,221 shares of Verano common stock.

What RSU grants are referenced in this Verano (VRNO) Form 4?

The Form 4 references RSUs granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023 and June 1, 2024, each unit representing a contingent right to receive one share of common stock and vesting in 25% increments on specified dates.

Does this Verano (VRNO) Form 4 indicate ongoing RSU holdings?

Yes. After the transactions, the reporting person continued to hold derivative positions in restricted stock units, including 72,383 and 61,362 RSUs that vest on previously disclosed schedules.