Form 4: Verano Director Converts RSUs to Common Stock

Verano Holdings Corp. Director Lawrence Randall Hirsh converted 25,263 vested restricted stock units into common stock on December 1, 2025, increasing his direct beneficial ownership.

Summary

• Lawrence Randall Hirsh, a Director of Verano Holdings Corp. (VRNO), reported a change in beneficial ownership.
• On December 1, 2025, 25,263 restricted stock units (RSUs) were settled into common stock, par value $0.001.
• The transaction represents the settlement of vested restricted stock units granted under the Verano Holdings Corp. Stock and Incentive Plan.
• Following this transaction, Mr. Hirsh directly beneficially owns 163,647 shares of Common Stock.
• He continues to beneficially own 30,578 restricted stock units from a June 1, 2023 grant and 26,793 restricted stock units from a June 1, 2024 grant.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the settlement of vested restricted stock units into common stock, which is a standard part of executive compensation and does not inherently indicate positive or negative sentiment about the company's performance or outlook.

Positives

• Director Lawrence Randall Hirsh increased his direct beneficial ownership of Verano Holdings Corp. common stock by 25,263 shares through the settlement of vested restricted stock units.
• The conversion of RSUs into common stock aligns the director's interests more closely with those of shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or operations, focusing solely on an insider's equity transaction.

Industry Context

This insider transaction is a routine equity compensation event and does not provide specific insights into broader industry trends or competitive landscape for Verano Holdings Corp.

Stakeholder Impact

• Shareholders: The transaction increases a director's direct ownership, potentially signaling alignment of interests.
• Employees: The RSU program is part of the company's incentive plan, which can motivate management.

Next Steps

• Future vesting of 25% of restricted stock units granted on June 1, 2024, on June 1, 2026.
• Future vesting of 25% of restricted stock units granted on June 1, 2024, on December 1, 2026.

Key Dates

Keywords

Verano Holdings Corp., VRNO, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Settlement, Common Stock, Beneficial Ownership, Director, Equity Compensation