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Miles Aaron Nathaniel, the Chief Investment Officer of Verano Holdings Corp. (OTC:VRNOF), recently executed a sale of company shares, according to a filing with the Securities and Exchange Commission. On March 10, Nathaniel sold 4,642 Class A Subordinate Voting Shares at a price of $0.6501 per share, resulting in a total transaction value of $3,017. The transaction comes as the company’s stock, currently trading at $0.66, sits near its 52-week low of $0.64, having declined over 80% in the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels.
Additionally, on March 7, Nathaniel acquired 46,418 shares through the settlement of vested restricted stock units, a transaction that did not involve any cash exchange. This acquisition was part of a larger transaction involving 70,977 restricted stock units, with the remaining shares net-settled to satisfy tax obligations. Following these transactions, Nathaniel’s direct ownership stands at 208,385 shares.
These moves were made under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for buying or selling stock.
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