Form 4: Verano Holdings Officer Settles RSUs, Acquires Shares

Verano Holdings Corp. Chief Strategy and Compliance Officer, James Angelo Leventis, settled vested restricted stock units, acquiring 36,073 shares of common stock and disposing of 10,571 shares for tax obligations.

Summary

• James Angelo Leventis, Chief Strategy and Compliance Officer of Verano Holdings Corp., reported changes in his beneficial ownership.
• On December 1, 2025, 36,073 restricted stock units (RSUs) vested and settled into common stock, par value $0.001.
• This settlement included 25,052 RSUs from a grant on June 1, 2023, and 11,021 RSUs from a grant on June 1, 2024.
• To cover income tax withholding obligations related to the RSU settlement, 10,571 shares of common stock were disposed of by the issuer at a price of $0.91 per share.
• Following these transactions, Mr. Leventis directly owns 155,221 shares of common stock.
• He also directly owns 133,745 restricted stock units (72,383 from the 2023 grant and 61,362 from the 2024 grant, representing unvested portions).

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a key officer is increasing their direct equity ownership through RSU settlement, despite a portion being sold for tax purposes. This is a routine, expected transaction.

Positives

• The settlement of 36,073 restricted stock units into common stock increases the officer's direct ownership of the company's equity.
• The transaction demonstrates the ongoing vesting and settlement of equity compensation for a key executive, aligning management interests with shareholders.

Negatives

• 10,571 shares of common stock were disposed of to satisfy income tax withholding obligations, reducing the net increase in direct common stock ownership from the RSU settlement.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The reported transactions are routine insider filings common across all publicly traded companies, reflecting the standard process of equity compensation vesting and settlement for executives.

Stakeholder Impact

• Shareholders: The transaction represents a routine change in insider ownership, with a key officer increasing their direct equity stake, which can be viewed as a positive alignment of interests.
• Employees: The filing highlights the company's equity compensation plan for executives, which is a common practice in attracting and retaining talent.

Next Steps

• Remaining restricted stock units from the June 1, 2024 grant will vest 25% on June 1, 2026.
• Remaining restricted stock units from the June 1, 2024 grant will vest 25% on December 1, 2026.

Key Dates

Keywords

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