Form 4: Verano Holdings Corp. Corporate Controller Executes Stock Transactions

Richard C Tarapchak, Corporate Controller of Verano Holdings Corp., reports transactions involving Class A Subordinate Voting Shares, including the settlement of restricted stock units and open market sales under a pre-arranged trading plan.

Summary

• Richard C Tarapchak, the Corporate Controller of Verano Holdings Corp., executed multiple transactions involving the company's Class A Subordinate Voting Shares.
• On March 25, 2024, 20,188 shares were acquired through the settlement of vested restricted stock units.
• On March 26, 2024, 6,424 shares were sold at a weighted average price of $5.4498 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on September 27, 2023.
• Following these transactions, Tarapchak directly owns 45,402 Class A Subordinate Voting Shares and 229,343 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an insider, which is a routine occurrence. The existence of a 10b5-1 plan suggests pre-planned transactions.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, suggesting a planned and orderly approach to stock sales.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates potential concerns.

Key Dates