Company: VREOF
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001558370-25-002130
Chunk: 6

Company: Vireo Growth Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 12S
Chunk 6
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Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Securities Authorized for Issuance Under Our Equity Compensation Plans

Vireo adopted the 2019 Incentive Plan effective March 18, 2019, permitting the grant of Awards, as more fully described below. In addition, from time to time, we may grant Options as incentives or compensation mechanisms for executives and directors pursuant to their employment agreements.

Equity Compensation Plans

The following table sets forth, as of December 31, 2024, securities authorized for issuance under each of the 2018 Equity Incentive Plan (the “2018 Plan”), the 2019 Equity Incentive Plan (the “2019 Plan”), and any equity issued under an employment agreement. All outstanding options under the 2018 Equity Incentive Plan, as well as all outstanding compensation warrants, settle in Subordinate Voting Shares. Outstanding options and under the 2019 Equity Incentive Plan settle in either Subordinate Voting Shares of Vireo or Multiple Voting Shares, at the Company’s option. All restricted stock units issued under the 2019 Equity Incentive Plan or an employment agreement settle in Subordinate Voting Shares. Figures below are presented on an as-converted basis.

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​​​​​​​​​    Number of   ​​​    ​​​securities​​​​Number of securities​​to be issued upon​Weighted-average​remaining available​​exercise of ​exercise price of ​for future issuance​​outstanding options, ​outstanding options,​under equityPlan Category​warrants and RSUs​warrants and RSUs​compensation plansEquity compensation plans approved by security holders  20,200,248​$ 0.57  16,414,731Equity compensation plans not approved by security holders  22,359,916​$ 0.28  —Total  42,560,164​$ 0.42  16,414,731

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At December 31, 2024, the following Awards were outstanding under the 2019 Incentive Plan: (1) Options exercisable for a total of 9,963,624 Shares, representing 2.7% of the then outstanding number of Shares; and (2) RSUs covering the right to receive a total of