Green Thumb president awarded 64K GTBIF shares

Green Thumb Industries president Anthony Georgiadis reported routine equity compensation activity.

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Form Type

Rhea-AI Filing Summary

Green Thumb Industries president Anthony Georgiadis reported routine equity compensation activity. He received 64,220 Subordinate Voting Shares as a grant at no cost on April 1, 2026, increasing his direct stake. On the same date, 8,234 shares were disposed of at $6.38 per share to cover tax obligations, a non-market transaction. After these entries, he directly holds 800,230 Subordinate Voting Shares and 35,182 Super Voting Shares, along with additional indirect holdings in both share classes through ABG LLC and Three One Four Holdings LLC. No open-market buying or selling is reported in this filing.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Georgiadis Anthony

Role PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Subordinate Voting Shares	64,220	$0.00	$0.00
Exercise Price or Tax Liability	Subordinate Voting Shares	8,234	$6.38	$53K
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 — 800,230 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 — 35,182 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)

Key Figures

Equity grant: 64,220 shares Tax-withholding shares: 8,234 shares at $6.38 Direct Subordinate Voting holdings: 800,230 shares +5 more

8 metrics

Equity grant 64,220 shares Subordinate Voting Shares awarded at $0.00 on April 1, 2026

Tax-withholding shares 8,234 shares at $6.38 Shares delivered to satisfy tax liability on April 1, 2026

Direct Subordinate Voting holdings 800,230 shares Subordinate Voting Shares directly owned after transactions

Direct Super Voting holdings 35,182 shares Super Voting Shares directly owned as of April 1, 2026

Indirect Subordinate holdings via ABG LLC 18,364 shares Subordinate Voting Shares held indirectly by ABG LLC

Indirect Super holdings via ABG LLC 1,589 shares Super Voting Shares held indirectly by ABG LLC

Indirect Subordinate via Three One Four Holdings 1,728 shares Subordinate Voting Shares held indirectly by Three One Four Holdings LLC

Indirect Super via Three One Four Holdings 1,333 shares Super Voting Shares held indirectly by Three One Four Holdings LLC

Key Terms

Subordinate Voting Shares, Super Voting Shares, tax-withholding disposition, indirect ownership, +1 more

5 terms

Subordinate Voting Shares financial

"security_title: "Subordinate Voting Shares" with grants and holdings reported"

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" with direct and indirect holdings listed"

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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for the F-code transaction"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

indirect ownership financial

"ownership_type: "indirect" for holdings "By ABG LLC" and "By Three One Four Holdings LLC""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition" for the A-code grant"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Green Thumb (GTBIF) report for Anthony Georgiadis?

Anthony Georgiadis reported an equity grant of 64,220 Subordinate Voting Shares and a related tax-withholding disposition of 8,234 shares at $6.38. These transactions reflect routine compensation and tax settlement rather than open-market buying or selling activity.

How many Green Thumb (GTBIF) shares does Anthony Georgiadis hold after this Form 4?

After these transactions, Anthony Georgiadis directly holds 800,230 Subordinate Voting Shares and 35,182 Super Voting Shares. He also has indirect positions, including 18,364 Subordinate and 1,589 Super Voting Shares via ABG LLC, and 1,728 Subordinate and 1,333 Super Voting Shares via Three One Four Holdings LLC.

Was the Green Thumb (GTBIF) insider transaction an open-market sale or purchase?

The filing does not show any open-market purchase or sale. It reports an award of 64,220 Subordinate Voting Shares at no cost and a tax-withholding disposition of 8,234 shares at $6.38, which is a mechanistic tax payment method rather than discretionary trading.

What does the tax-withholding disposition on Green Thumb (GTBIF) shares mean?

The tax-withholding disposition of 8,234 shares at $6.38 means some shares were surrendered to cover tax obligations tied to the equity grant. This is classified under code F on Form 4 and is not considered an open-market sale by the insider.

What types of shares does Anthony Georgiadis hold in Green Thumb (GTBIF)?

Anthony Georgiadis holds both Subordinate Voting Shares and Super Voting Shares. He directly owns 800,230 Subordinate and 35,182 Super Voting Shares, and also has indirect holdings of each class through ABG LLC and Three One Four Holdings LLC, as detailed in the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/03/2026 - 04:30 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^*

Georgiadis Anthony

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

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)

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		64,220	A	$0	808,464	D
Subordinate Voting Shares	04/01/2026		F		8,234	D	$6.38	800,230	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								35,182	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)
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)

Explanation of Responses:

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	04/03/2026
	** 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