Green Thumb CEO Kovler disposes of 125,000 shares

The report also lists direct and entity-held subordinate and super voting share positions after the reported transaction.

Available on EDGAR 11/03/2026 - 05:55 PM EST Accepted by SEC EDGAR 11/03/2026 - 05:55 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Green Thumb Industries Inc. Chairman & CEO Benjamin Kovler reported 125,000 subordinate voting shares delivered or withheld for payment of exercise price or tax liability on November 1, 2026, at a reported $6.27 per share. His direct subordinate voting share position afterward was 601,757 shares. The report also lists 66 subordinate voting shares through KP Capital, LLC and 158,130 through Outsiders Capital LLC, plus super voting shares: 52,612 directly, 80,642 through Outsiders Capital LLC and 5,000 through BK 2021 Descendant Trust.

Insider Trade Summary

Exercise Price or Tax Liability: 125,000 shares

Exercise Price or Tax Liability 1 txn

Insider Kovler Benjamin

Role CHAIRMAN & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Subordinate Voting Shares	125,000	$6.27	$784K
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 — 601,757 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 — 52,612 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)

Key Figures

Subordinate Voting Shares delivered or withheld: 125,000 shares Reported price per share: $6.27 per share Direct Subordinate Voting Shares following transaction: 601,757 shares +5 more

8 metrics

Subordinate Voting Shares delivered or withheld 125,000 shares Reported November 1, 2026, for payment of exercise price or tax liability

Reported price per share $6.27 per share Reported for the November 1, 2026 transaction

Direct Subordinate Voting Shares following transaction 601,757 shares As of November 1, 2026

Subordinate Voting Shares held through KP Capital, LLC 66 shares As of November 1, 2026

Subordinate Voting Shares held through Outsiders Capital LLC 158,130 shares As of November 1, 2026

Direct Super Voting Shares 52,612 shares As of November 1, 2026

Super Voting Shares held through Outsiders Capital LLC 80,642 shares As of November 1, 2026

Super Voting Shares held through BK 2021 Descendant Trust 5,000 shares As of November 1, 2026

Key Terms

Subordinate Voting Shares, Super Voting Shares, Payment of exercise price or tax liability by delivering or withholding securities

3 terms

Subordinate Voting Shares financial

"125,000 Subordinate Voting Shares"

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

"Super Voting Shares"

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.

Payment of exercise price or tax liability by delivering or withholding securities financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

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

What share transaction did GTBIF CEO Benjamin Kovler report?

Benjamin Kovler reported 125,000 subordinate voting shares delivered or withheld for payment of exercise price or tax liability on November 1, 2026, at a reported $6.27 per share; his direct position afterward was 601,757 shares. No Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Kovler Benjamin

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Subordinate Voting Shares	11/01/2026		F		125,000	D	$6.27	601,757	D
Subordinate Voting Shares								66	I	KP Capital, LLC
Subordinate Voting Shares								158,130	I	By Outsiders Capital LLC
Super Voting Shares								52,612	D
Super Voting Shares								80,642	I	By Outsiders Capital LLC
Super Voting Shares								5,000	I	By BK 2021 Descendant Trust

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	11/03/2026
	** 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)