What are Anthony Georgiadis’ direct Subordinate Voting Share holdings in GTBIF?

The Form 4 reports that Georgiadis directly owns 800,625 Subordinate Voting Shares. These are separate from his Super Voting Shares and his indirect holdings through Three One Four Holdings LLC and ABG LLC.

Green Thumb (GTBIF) president Georgiadis sells 2,500 super voting shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Green Thumb Industries Inc. director and president Anthony Georgiadis reported an open-market sale of 2,500 Super Voting Shares on May 12, 2026. The shares were sold at $780.00 per Super Voting Share, with the price based on $7.80 per underlying Subordinate Voting Share as noted in the filing.

After this sale, Georgiadis directly holds 32,682 Super Voting Shares and 800,625 Subordinate Voting Shares. He also indirectly holds additional shares through entities, including Three One Four Holdings LLC and ABG LLC, which together hold both Subordinate Voting Shares and Super Voting Shares on his behalf.

Insider Trade Summary

Net Seller: 2,500 shares ($1,950,000)

Net Sell 6 txns

Insider Georgiadis Anthony

Role PRESIDENT

Sold 2,500 shs ($1.95M)

Type	Security	Shares	Price	Value
Sale	Super Voting Shares	2,500	$780.00	$1.95M
holding	Super Voting Shares	--	--	--
holding	Super Voting Shares	--	--	--
holding	Subordinate Voting Shares	--	--	--
holding	Subordinate Voting Shares	--	--	--
holding	Subordinate Voting Shares	--	--	--

Holdings After Transaction: Super Voting Shares — 32,682 shares (Direct, null); Super Voting Shares — 1,589 shares (Indirect, By ABG LLC); Subordinate Voting Shares — 800,625 shares (Direct, null); Subordinate Voting Shares — 18,364 shares (Indirect, By ABG LLC)

Footnotes (1)

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Key Figures

Super Voting Shares sold: 2,500 shares Sale price per Super Voting Share: $780.00 per share Reference price per underlying Subordinate Voting Share: $7.80 per share +5 more

8 metrics

Super Voting Shares sold 2,500 shares Open-market sale on May 12, 2026

Sale price per Super Voting Share $780.00 per share Open-market sale

Reference price per underlying Subordinate Voting Share $7.80 per share Basis for Super Voting Share price

Direct Super Voting Shares after transaction 32,682 shares Total shares following transaction

Direct Subordinate Voting Shares after transaction 800,625 shares Total shares following transaction

Indirect Subordinate Voting Shares via Three One Four Holdings LLC 1,728 shares Indirect ownership

Indirect Subordinate Voting Shares via ABG LLC 18,364 shares Indirect ownership

Indirect Super Voting Shares via entities 2,922 shares 1,333 via Three One Four Holdings LLC; 1,589 via ABG LLC

Key Terms

Super Voting Shares, Subordinate Voting Shares, open-market sale, indirect ownership

4 terms

Super Voting Shares financial

"The price per Super Voting Share was determined based on a price of $7.80 per underlying Subordinate Voting Share."

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.

Subordinate Voting Shares financial

"The price per Super Voting Share was determined based on a price of $7.80 per underlying Subordinate Voting Share."

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.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"nature_of_ownership: By Three One Four Holdings LLC"

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 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)
05/12/2026

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)
Super Voting Shares	05/12/2026		S		2,500	D	$780⁽¹⁾	32,682	D
Super Voting Shares								1,589	I	By ABG LLC
Super Voting Shares								1,333	I	By Three One Four Holdings LLC
Subordinate Voting Shares								800,625	D
Subordinate Voting Shares								18,364	I	By ABG LLC
Subordinate Voting Shares								1,728	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:

1. The price per Super Voting Share was determined based on a price of $7.80 per underlying Subordinate Voting Share.

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	05/14/2026
	** 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 GTBIF president Anthony Georgiadis report?

Anthony Georgiadis reported selling 2,500 Super Voting Shares in Green Thumb Industries. The transaction was an open-market sale on May 12, 2026, at $780.00 per share, according to the Form 4 filing.

At what price did Anthony Georgiadis sell Green Thumb Super Voting Shares?

He sold the Super Voting Shares at $780.00 per share. The filing notes this was determined using a $7.80 price per underlying Subordinate Voting Share, linking the super-voting security’s value to the regular share price.

How many Super Voting Shares does Anthony Georgiadis hold after the sale?

Following the transaction, he directly holds 32,682 Super Voting Shares. The Form 4 also shows additional Super Voting Shares held indirectly through Three One Four Holdings LLC and ABG LLC, increasing his overall voting stake.

What indirect Green Thumb holdings are reported for Anthony Georgiadis?

Indirect holdings include Subordinate and Super Voting Shares held through Three One Four Holdings LLC and ABG LLC. The filing lists 1,728 and 18,364 Subordinate Voting Shares, and 1,333 and 1,589 Super Voting Shares, respectively, held by these entities.