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

Green Thumb (OTC: GTBIF) unit exercises 78,459 RYTHM pre-funded warrants

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RSLGH, LLC, a wholly owned indirect subsidiary of Green Thumb Industries Inc. and a ten percent owner of RYTHM, Inc., exercised pre-funded warrants to acquire 78,459 shares of common stock. The warrants carried an exercise price of $0.001 per share and were originally issued as payment of interest on a Convertible Note dated August 25, 2025. The pre-funded warrants and their exercise are subject to a 49.99% beneficial ownership limitation and to stockholder approval under applicable Nasdaq listing rules, to the extent required. Following this derivative exercise, RSLGH directly holds 78,459 shares of RYTHM common stock reported in this filing.

Positive

  • None.

Negative

  • None.
Insider RSLGH, LLC, Green Thumb Industries Inc.
Role 10% Owner | 10% Owner
Type Security Shares Price Value
Exercise Pre-Funded Warrants (right to buy) 78,459 $29.474 $2.31M
Holdings After Transaction: Pre-Funded Warrants (right to buy) — 78,459 shares (Direct)
Footnotes (1)
  1. Reflects Pre-Funded Warrants issued as payment of interest pursuant to a Convertible Note of the Issuer dated August 25, 2025 (the "Convertible Note") and held by RSLGH, LLC ("RSLGH"), subject to a 49.99% beneficial ownership limitation and with exercise being subject to stockholder approval under applicable Nasdaq listing rules, to the extent required. RSLGH is the direct beneficial owner of the August 25, 2025 Convertible Note and is the direct beneficial owner of the Pre-Funded Warrants. RSLGH is an indirectly, wholly- owned subsidiary of Green Thumb Industries Inc. ("Green Thumb"). Green Thumb is the sole shareholder of GTI23, Inc., which is the sole member of VCP23, LLC, which is the sole shareholder of For Success Holdings Company. For Success Holdings Company is the sole member of Wellness Mgmt, LLC, which is the sole member of RSLGH.
Form 4 Insider Transactions: What Each Field Means →
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*
RSLGH, LLC
(Last) (First) (Middle)
325 W. HURON STREET
SUITE 700
(Street)
CHICAGO IL 60654
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RYTHM, Inc. [ RYM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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
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
Pre-Funded Warrants (right to buy) $0.001 03/09/2026 M 78,459 (1) (1) Common Stock 78,459 $29.474 78,459 D(2)
1. Name and Address of Reporting Person*
RSLGH, LLC
(Last) (First) (Middle)
325 W. HURON STREET
SUITE 700
(Street)
CHICAGO IL 60654
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Green Thumb Industries Inc.
(Last) (First) (Middle)
325 WEST HURON STREET
SUITE 700
(Street)
CHICAGO IL 60654
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Reflects Pre-Funded Warrants issued as payment of interest pursuant to a Convertible Note of the Issuer dated August 25, 2025 (the "Convertible Note") and held by RSLGH, LLC ("RSLGH"), subject to a 49.99% beneficial ownership limitation and with exercise being subject to stockholder approval under applicable Nasdaq listing rules, to the extent required.
2. RSLGH is the direct beneficial owner of the August 25, 2025 Convertible Note and is the direct beneficial owner of the Pre-Funded Warrants. RSLGH is an indirectly, wholly- owned subsidiary of Green Thumb Industries Inc. ("Green Thumb"). Green Thumb is the sole shareholder of GTI23, Inc., which is the sole member of VCP23, LLC, which is the sole shareholder of For Success Holdings Company. For Success Holdings Company is the sole member of Wellness Mgmt, LLC, which is the sole member of RSLGH.
RSLGH, LLC By: /s/ Bret Kravitz, Corporate Secretary 03/09/2026
Green Thumb Industries Inc. By: /s/ Bret Kravitz, Corporate Secretary 03/09/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did RSLGH, LLC report in the RYTHM (GTBIF) Form 4?

RSLGH, LLC reported exercising pre-funded warrants to acquire 78,459 shares of RYTHM, Inc. common stock. The transaction is coded as a derivative exercise, converting the warrants into common shares on March 9, 2026 at a stated exercise price of $0.001 per share.

How many RYTHM, Inc. shares did RSLGH, LLC hold after this Form 4 transaction?

After the transaction, RSLGH, LLC directly held 78,459 shares of RYTHM, Inc. common stock. This total reflects shares obtained by exercising pre-funded warrants reported in the filing and represents the position disclosed as of the March 9, 2026 transaction date.

What are the pre-funded warrants involved in this RYTHM (GTBIF) insider filing?

The pre-funded warrants are rights to buy RYTHM, Inc. common stock, issued as payment of interest on a Convertible Note dated August 25, 2025. Each warrant was exercisable at $0.001 per share and, when exercised, converted into an equal number of common shares.

What is the 49.99% beneficial ownership limitation mentioned in the RYTHM Form 4?

The pre-funded warrants are subject to a 49.99% beneficial ownership limitation. This means the holder cannot exercise the warrants to the extent that doing so would cause its beneficial ownership of RYTHM, Inc. to exceed 49.99%, consistent with the terms described in the filing.

What role did the August 25, 2025 Convertible Note play in this RYTHM insider transaction?

The August 25, 2025 Convertible Note issued by RYTHM, Inc. led to pre-funded warrants being issued as payment of interest. Those pre-funded warrants, held directly by RSLGH, LLC, were then exercised on March 9, 2026 to acquire 78,459 common shares at an exercise price of $0.001 per share.