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In a recent transaction, John Allen Tipton, a director and officer at Verano Holdings Corp. (OTC:VRNOF), sold 25,838 shares of the company’s Class A Subordinate Voting Shares. The shares were sold at a price of $0.6501 each, totaling approximately $16,797. This sale was conducted under a Rule 10b5-1 trading plan that Tipton adopted in December 2023. The transaction comes as the stock has declined significantly, down 85% over the past year, with the company currently valued at $232 million.
Additionally, Tipton acquired 64,593 shares as a result of the settlement of vested restricted stock units into Class A Subordinate Voting Shares. This acquisition was part of a larger settlement involving 91,817 restricted stock units, which were granted under the company’s Stock and Incentive Plan. The net settlement was used to satisfy tax withholding obligations.
Following these transactions, Tipton holds a total of 3,284,739 shares directly. These moves are part of Tipton’s ongoing management of his holdings in Verano Holdings, where he serves as the President of the Southern Region.
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