Verano (VRNO) insider covers RSU tax with 944,668 withheld shares
Rhea-AI Filing Summary
Verano Holdings Corp. insider George Peter Archos reported updated holdings and a tax-related share disposition. On June 5, 2026, 944,668 common shares were withheld by the issuer at $1.17 per share to cover income tax obligations from the issuance and vesting of 2,500,000 restricted stock units. The filing specifies this withholding does not represent a sale. After this net settlement, Archos directly held 16,286,441 common shares, and also reported various indirect holdings through entities such as Archos Capital Group, LLC, E&P Archos Holdings entities, Copperstone Trust, and GP Management Group, LLC, while expressly disclaiming beneficial ownership of shares held by certain LLCs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 944,668 shares
Net Sell
6 txns
Insider
Archos George Peter
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 944,668 | $1.17 | $1.11M |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 16,286,441 shares (Direct);
Common Stock, par value $0.001 — 5,733,816 shares (Indirect, By GP Management Group, LLC);
Common Stock, par value $0.001 — 1,817,688 shares (Indirect, By Copperstone Trust);
Common Stock, par value $0.001 — 204,082 shares (Indirect, By E&P Archos Holdings, LLC);
Common Stock, par value $0.001 — 204,082 shares (Indirect, By E&P Archos Holdings II, LLC);
Common Stock, par value $0.001 — 4,420,790 shares (Indirect, By Archos Capital Group, LLC)
Footnotes (2)
- F1. 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 following the issuance and vesting of 2,500,000 restricted stock units of the issuer on June 1, 2026 and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale. Such restricted stock units settled into shares of Common Stock on June 5, 2026.
- F2. Due to the Reporting Person's 2% membership interest in the E&P Archos Holdings, LLC and E&P Archos Holdings II, LLC (together, the "LLCs"), the Reporting Person may be deemed to beneficially own the number of shares detailed in Table I. This filing shall not be deemed an admission that such Reporting Person is, for purposes of section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the equity securities reported in Table I owned by the LLCs. Mr. Archos expressly disclaims his beneficial ownership of the shares reported in Table I owned by the LLCs.
Key Figures
Tax-withheld shares: 944,668 shares
Tax-withheld price: $1.17 per share
RSUs vested: 2,500,000 restricted stock units
+4 more
7 metrics
Tax-withheld shares
944,668 shares
Withheld at $1.17 per share on June 5, 2026 for tax obligations
Tax-withheld price
$1.17 per share
Price applied to 944,668 shares withheld for tax
RSUs vested
2,500,000 restricted stock units
Issued and vested on June 1, 2026
Direct shares after event
16,286,441 shares
Direct common stock holdings following tax withholding
Archos Capital Group holdings
4,420,790 shares
Indirect common stock holdings by Archos Capital Group, LLC
GP Management Group holdings
5,733,816 shares
Indirect common stock holdings by GP Management Group, LLC
Copperstone Trust holdings
1,817,688 shares
Indirect common stock holdings by Copperstone Trust
Key Terms
restricted stock units, net settlement, income tax withholding, beneficially own, +1 more
5 terms
restricted stock units financial
"following the issuance and vesting of 2,500,000 restricted stock units of the issuer on June 1, 2026"
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.
net settlement financial
"remittance obligations in connection with the net settlement of the restricted stock units"
income tax withholding financial
"withheld by the issuer to satisfy its income tax withholding following the issuance and vesting"
beneficially own financial
"the Reporting Person may be deemed to beneficially own the number of shares detailed in Table I"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
membership interest financial
"Due to the Reporting Person's 2% membership interest in the E&P Archos Holdings, LLC and E&P Archos Holdings II, LLC"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Verano (VRNO) report for George Peter Archos?
Verano reported that George Peter Archos had 944,668 common shares withheld to cover income tax obligations on vested restricted stock units. The filing clearly states this was a tax-withholding event and not an open-market sale of shares.
What triggered the tax-withholding event in the Verano (VRNO) Form 4?
The tax-withholding event followed the issuance and vesting of 2,500,000 restricted stock units on June 1, 2026. These restricted stock units settled into common shares on June 5, 2026, and the issuer withheld 944,668 shares to meet income tax and remittance obligations.