Form 4: Verano Holdings Corp. Executive John Allen Tipton Reports Share Disposals and RSU Settlements
SEC Form 4 Filing
John Allen Tipton, a director and officer at Verano Holdings Corp., reported the disposal of shares and settlement of restricted stock units (RSUs) on March 7 and March 10, 2025.
Summary
- On March 7, 2025, John Allen Tipton settled 91,817 restricted stock units (RSUs), resulting in the issuance of 64,593 Class A Subordinate Voting Shares.
- On March 10, 2025, Tipton disposed of 25,838 Class A Subordinate Voting Shares at a price of $0.6501 per share.
- These transactions were reported on a Form 4 filing with the SEC.
- Following these transactions, Tipton beneficially owns 3,284,739 Class A Subordinate Voting Shares and 306,258 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| December 28, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan. |
| June 1, 2023 | Date the restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan. |
| June 1, 2024 | 25% of the restricted stock units vest. |
| December 1, 2024 | 25% of the restricted stock units vest. |
| June 1, 2025 | 25% of the restricted stock units vest. |
| December 1, 2025 | 25% of the restricted stock units vest. |
| March 7, 2025 | Settlement of vested restricted stock units into Class A Subordinate Voting Shares. |
| March 10, 2025 | Disposal of Class A Subordinate Voting Shares. |
| March 11, 2025 | Date of signature for the SEC filing. |
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