Green Thumb (GTBIF) CEO granted options and new share awards
Rhea-AI Filing Summary
Green Thumb Industries Chairman and CEO Benjamin Kovler received new equity awards. He was granted 27,631 Employee Stock Options 2026 with an exercise price of $6.54 per share, each option for one Subordinate Voting Share, vesting in one-third increments annually over three years beginning on the first anniversary of the April 1, 2026 grant date.
He also received 48,165 Subordinate Voting Shares as a direct grant, and 3,733 Subordinate Voting Shares were disposed of at $6.38 per share to cover tax obligations. After these transactions, he directly holds 726,461 Subordinate Voting Shares, plus additional indirect holdings in Subordinate Voting Shares and Super Voting Shares through KP Capital, LLC, Outsiders Capital LLC, and BK 2021 Descendant Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 44,432 shares
Net Buy
8 txns
Insider
Kovler Benjamin
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options 2026 | 27,631 | $0.00 | $0.00 |
| Grant/Award | Subordinate Voting Shares | 48,165 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Subordinate Voting Shares | 3,733 | $6.38 | $24K |
| holding | Subordinate Voting Shares | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
| holding | Super Voting Shares | -- | -- | -- |
| holding | Super Voting Shares | -- | -- | -- |
| holding | Super Voting Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options 2026 — 27,631 shares (Direct);
Subordinate Voting Shares — 726,461 shares (Direct);
Subordinate Voting Shares — 66 shares (Indirect, KP Capital, LLC);
Subordinate Voting Shares — 158,130 shares (Indirect, By Outsiders Capital LLC);
Super Voting Shares — 55,112 shares (Direct);
Super Voting Shares — 80,642 shares (Indirect, By Outsiders Capital LLC);
Super Voting Shares — 5,000 shares (Indirect, By BK 2021 Descendant Trust)
Footnotes (1)
- F1. This award of stock options was made on April 1, 2026 and vests in one-third increments annually over a three-year period beginning on the first anniversary of the grant date.
Key Figures
Option grant size: 27,631 options
Option exercise price: $6.54 per share
Option expiration: 2033-04-01
+5 more
8 metrics
Option grant size
27,631 options
Employee Stock Options 2026 granted on April 1, 2026
Option exercise price
$6.54 per share
Exercise price for Employee Stock Options 2026
Option expiration
2033-04-01
Expiration date of Employee Stock Options 2026
Share grant size
48,165 shares
Subordinate Voting Shares granted directly on April 1, 2026
Tax-withheld shares
3,733 shares
Subordinate Voting Shares withheld for taxes at $6.38 per share
Direct Subordinate Voting Shares
726,461 shares
Direct Subordinate Voting Share holdings after transactions
Direct Super Voting Shares
55,112 shares
Direct Super Voting Share holdings as of April 1, 2026
Indirect Subordinate Voting Shares (Outsiders Capital LLC)
158,130 shares
Indirect Subordinate Voting Shares held via Outsiders Capital LLC
Key Terms
Employee Stock Options 2026, Subordinate Voting Shares, Super Voting Shares, tax-withholding disposition, +1 more
5 terms
Employee Stock Options 2026 financial
"This award of stock options was made on April 1, 2026 and vests"
tax-withholding disposition financial
""transaction_action": "tax-withholding disposition""
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.
grant/award acquisition financial
""transaction_action": "grant/award acquisition""
FAQ
What insider transactions did GTBIF CEO Benjamin Kovler report on April 1, 2026?
Benjamin Kovler reported equity compensation activity, not open-market trades. He received 27,631 stock options at a $6.54 exercise price and 48,165 Subordinate Voting Shares, with 3,733 shares withheld at $6.38 per share to satisfy tax obligations tied to the awards.
How many stock options did GTBIF grant to CEO Benjamin Kovler and on what terms?
Kovler was granted 27,631 Employee Stock Options 2026, each for one Subordinate Voting Share, at an exercise price of $6.54 per share. The options vest in one-third increments annually over three years, beginning on the first anniversary of the April 1, 2026 grant date.
What does the Form 4 show about tax withholding on Benjamin Kovler’s GTBIF awards?
The filing shows a tax-withholding disposition of 3,733 Subordinate Voting Shares at $6.38 per share. This F-code transaction represents shares withheld to pay tax obligations associated with the equity awards, not an open-market sale or discretionary share sale by the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
