Form 4: Verano Holdings CEO George Archos Settles Restricted Stock Units

Verano Holdings CEO George Archos settled restricted stock units into Class A Subordinate Voting Shares on March 7, 2025.

Summary

• On March 7, 2025, George Peter Archos, CEO of Verano Holdings Corp., settled vested restricted stock units into Class A Subordinate Voting Shares.
• The transaction involved the settlement of 100,280 restricted stock units, resulting in the issuance of 70,546 Class A Subordinate Voting Shares after net settlement for tax withholding obligations.
• Following the transaction, Mr. Archos directly owns 14,473,715 Class A Subordinate Voting Shares.
• Mr. Archos also has indirect ownership through various LLCs and trusts, including Copperstone Trust (1,817,688 shares), E&P Archos Holdings, LLC (204,082 shares), E&P Archos Holdings II, LLC (204,082 shares), and GP Management Group, LLC (10,154,606 shares).
• Mr. Archos disclaims beneficial ownership of shares owned by the LLCs, except to the extent of his 2% membership interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Mr. Archos expressly disclaims his beneficial ownership of the Shares reported in Table I owned by the LLCs.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares, but it is unlikely to be significant.

Key Dates