Green Thumb (OTC: GTBIF) CEO updates share grant and holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Green Thumb Industries Inc. Chairman and CEO Benjamin Kovler amended a prior insider report to correct the size of a stock grant. On April 1, 2026, he was reported as acquiring 48,461 Subordinate Voting Shares at no cost as a grant or award, bringing his directly held Subordinate Voting Shares to 726,757.

The amendment states that the number of shares acquired and the amount of securities beneficially owned have been updated due to an earlier administrative error, while all other information remains unchanged. Kovler also holds employee stock options covering 28,340 Subordinate Voting Shares at an exercise price of $6.54 per share, expiring on April 1, 2033, along with additional direct and indirect Super Voting and Subordinate Voting Share positions.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Kovler Benjamin

Role CHAIRMAN & CEO

Type	Security	Shares	Price	Value
Grant/Award	Subordinate Voting Shares	48,461	$0.00	--
holding	Employee Stock Options 2026	--	--	--
holding	Subordinate Voting Shares	--	--	--
holding	Subordinate Voting Shares	--	--	--
holding	Super Voting Shares	--	--	--
holding	Super Voting Shares	--	--	--
holding	Super Voting Shares	--	--	--

Holdings After Transaction: Subordinate Voting Shares — 726,757 shares (Direct); Employee Stock Options 2026 — 28,340 shares (Direct); Subordinate Voting Shares — 66 shares (Indirect, KP Capital, LLC); Super Voting Shares — 55,112 shares (Direct); Super Voting Shares — 80,642 shares (Indirect, By Outsiders Capital LLC)

Footnotes (1)

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Key Figures

Shares granted: 48,461 Subordinate Voting Shares Direct Subordinate Voting Shares: 726,757 shares Employee stock options: 28,340 underlying shares +5 more

8 metrics

Shares granted 48,461 Subordinate Voting Shares Grant/award on April 1, 2026

Direct Subordinate Voting Shares 726,757 shares Directly held after April 1, 2026 grant

Employee stock options 28,340 underlying shares Employee Stock Options 2026, direct holding

Option exercise price $6.54 per share Employee Stock Options 2026 exercise price

Option expiration April 1, 2033 Employee Stock Options 2026 expiration date

Indirect Subordinate Voting Shares 158,130 shares Held indirectly by Outsiders Capital LLC

Direct Super Voting Shares 55,112 shares Direct Super Voting Shares holding

Indirect Super Voting Shares 80,642 shares Held indirectly by Outsiders Capital LLC

Key Terms

Subordinate Voting Shares, Super Voting Shares, Employee Stock Options 2026, beneficially owned, +1 more

5 terms

Subordinate Voting Shares financial

"security_title": "Subordinate Voting Shares""

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

Super Voting Shares financial

"security_title": "Super Voting Shares""

Super voting shares are a class of company stock that gives holders more voting power per share than ordinary shares, like owning a few seats on a board while others have one each. Investors should care because these shares let a small group control major decisions—strategy, board appointments, mergers—regardless of their economic stake, which can protect long-term plans but also limit influence for ordinary shareholders.

Employee Stock Options 2026 financial

"security_title": "Employee Stock Options 2026""

beneficially owned financial

"amount of securities beneficially owned has been updated"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 4/A regulatory

"This Form 4/A is being filed to correct an administrative error"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

Form 4 Insider Transactions: What Each Field Means →

04/13/2026 - 07:14 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kovler Benjamin

(Last)

(First)

(Middle)

325 WEST HURON STREET

SUITE 700

(Street)

CHICAGO

ILLINOIS

60654

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Green Thumb Industries Inc. [ GTII/GTBIF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/03/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Subordinate Voting Shares	04/01/2026		A		48,461⁽¹⁾	A	$0	726,757⁽¹⁾	D
Subordinate Voting Shares								66	I	KP Capital, LLC
Subordinate Voting Shares								158,130	I	By Outsiders Capital LLC
Super Voting Shares								55,112	D
Super Voting Shares								80,642	I	By Outsiders Capital LLC
Super Voting Shares								5,000	I	By BK 2021 Descendant Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Options 2026	$6.54							04/01/2027	04/01/2033	Subordinate Voting Shares	28,340⁽¹⁾		28,340⁽¹⁾	D

Explanation of Responses:

1. This Form 4/A is being filed to correct an administrative error in the number of shares reported as acquired in the reporting person's Form 4 filed on April 3, 2026. The share amount acquired and the amount of securities beneficially owned has been updated to reflect the correct number of shares. All other information remains unchanged.

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Green Thumb (GTBIF) report for Benjamin Kovler?

Green Thumb reported that Chairman and CEO Benjamin Kovler was granted 48,461 Subordinate Voting Shares on April 1, 2026 at no cost. This was a stock award, not an open-market purchase, and increased his directly held Subordinate Voting Shares to 726,757.

Why did Green Thumb (GTBIF) file an amended Form 4/A for Benjamin Kovler?

The amended filing corrects an administrative error in a previous Form 4 filed April 3, 2026. It updates the number of shares reported as acquired and the total securities beneficially owned, while stating that all other reported information remains unchanged from the original filing.

How many Green Thumb (GTBIF) shares does Benjamin Kovler directly hold after the grant?

After the corrected grant, Benjamin Kovler directly holds 726,757 Subordinate Voting Shares. He also directly owns 55,112 Super Voting Shares and has an employee stock option position tied to 28,340 underlying Subordinate Voting Shares, in addition to several indirect holdings through affiliated entities.

What stock options does Benjamin Kovler hold in Green Thumb (GTBIF)?

Kovler holds Employee Stock Options 2026 with an exercise price of $6.54 per share, expiring April 1, 2033. These options are tied to 28,340 underlying Subordinate Voting Shares, representing a future right to acquire shares rather than a current stock transaction.

What indirect holdings in Green Thumb (GTBIF) are associated with Benjamin Kovler?

The filing lists indirect holdings of Subordinate and Super Voting Shares through entities such as Outsiders Capital LLC, BK 2021 Descendant Trust, and KP Capital, LLC. These positions reflect beneficial ownership tied to related entities rather than only his personal direct holdings.