Green Thumb Industries (GTBIF) director reports acquisition of 6,529 shares on Form 4

Rhea-AI Filing Summary

Green Thumb Industries Inc. reported an insider share acquisition by a company director. On 12/01/2025, the reporting person acquired 6,529 Subordinate Voting Shares at a price of $0 per share. Following this transaction, the individual beneficially owns 56,346 Subordinate Voting Shares in direct ownership. This filing reflects a change in insider holdings rather than any operational or financial update for the business.

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

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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^*

Nadelmann Ethan

(Last) (First) (Middle)

325 W. HURON ST.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		A		6,529	A	$0	56,346	D

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:

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	12/03/2025
	** 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.

FAQ

What insider transaction did Green Thumb Industries Inc. (GTBIF) report?

The company reported that a director acquired 6,529 Subordinate Voting Shares of Green Thumb Industries Inc. on 12/01/2025.

At what price were the GTBIF shares acquired in this Form 4 filing?

The 6,529 Subordinate Voting Shares were reported as acquired at a price of $0 per share.

How many Green Thumb Industries (GTBIF) shares does the insider own after this transaction?

After the reported transaction, the insider beneficially owns 56,346 Subordinate Voting Shares with direct ownership.

What is the relationship of the reporting person to Green Thumb Industries Inc. (GTBIF)?

The reporting person is listed as a Director of Green Thumb Industries Inc.

Is this GTBIF Form 4 filed for one reporting person or a group?

The Form 4 is indicated as being filed by one reporting person, not by a group.

What type of security was involved in the latest GTBIF insider transaction?

The transaction involved Subordinate Voting Shares of Green Thumb Industries Inc.

Who signed the Green Thumb Industries Inc. (GTBIF) Form 4?

The Form 4 was signed by /s/ Kathryn A. Lloyd, Attorney-in-Fact on 12/03/2025.