Form 4: Verano Holdings Corp. Executive Laura Kalesnik Sells Shares Under 10b5-1 Plan

Laura Marie Kalesnik, General Counsel, Chief Legal Officer, and Secretary of Verano Holdings Corp., sold 1,569 Class A Subordinate Voting Shares at an average price of $6.171 on March 28, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 28, 2024, Laura Marie Kalesnik, General Counsel, Chief Legal Officer, and Secretary of Verano Holdings Corp., sold 1,569 Class A Subordinate Voting Shares.
• The sale was executed at a weighted average price of $6.171 per share, with individual transactions ranging from $6.15 to $6.18.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 30, 2023.
• Following the transaction, Kalesnik directly owns 71,391 Class A Subordinate Voting Shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider share sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned under 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically views these sales in the context of the overall holdings of the insider and the reasons provided for the sale.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates