[Form 4] Green Thumb Industries Inc. Insider Trading Activity

Green Thumb Industries (GTBIF) President and Director reported an open-market sale of 125,000 Subordinate Voting Shares on 11/07/2025 at a weighted average price of $6.5006 (transactions ranged from $6.50 to $6.55).

Rhea-AI Filing Summary

Green Thumb Industries (GTBIF) President and Director reported an open-market sale of 125,000 Subordinate Voting Shares on 11/07/2025 at a weighted average price of $6.5006 (transactions ranged from $6.50 to $6.55).

Following the sale, direct holdings were 760,576 Subordinate Voting Shares and 37,682 Super Voting Shares. Indirect holdings included 18,364 Subordinate Voting Shares and 1,589 Super Voting Shares via ABG LLC, and 1,728 Subordinate Voting Shares and 1,333 Super Voting Shares via Three One Four Holdings LLC.

Insider Trade Summary

Net Seller: 125,000 shares

Net Sell 6 txns

Insider Georgiadis Anthony

Role PRESIDENT

Sold 125,000 shs ($813K)

Type	Security	Shares	Price	Value
Sale	Subordinate Voting Shares	125,000	$6.5006	$813K
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 — 760,576 shares (Direct); Subordinate Voting Shares — 18,364 shares (Indirect, By ABG LLC); Subordinate Voting Shares — 1,728 shares (Indirect, By Three One Four Holdings LLC); Super Voting Shares — 37,682 shares (Direct); Super Voting Shares — 1,589 shares (Indirect, By ABG LLC); Super Voting Shares — 1,333 shares (Indirect, By Three One Four Holdings LLC)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.50 to $6.55, inclusive. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

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Accepted by SEC EDGAR 11/10/2025 - 04:03 PM Learn about SEC filing dates

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^*

Georgiadis Anthony

(Last) (First) (Middle)

325 WEST HURON STREET

SUITE 700

(Street)

CHICAGO IL 60654

(City) (State) (Zip)

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		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Subordinate Voting Shares	11/07/2025		S		125,000	D	$6.5006(1)	760,576	D
Subordinate Voting Shares								18,364	I	By ABG LLC
Subordinate Voting Shares								1,728	I	By Three One Four Holdings LLC
Super Voting Shares								37,682	D
Super Voting Shares								1,589	I	By ABG LLC
Super Voting Shares								1,333	I	By Three One Four Holdings LLC

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.50 to $6.55, inclusive. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	11/10/2025
	** 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.