Green Thumb director granted 5,802 shares

Director Ethan Nadelmann received an equity award that increased his direct holdings in Green Thumb Industries to 74,111 Subordinate Voting Shares.

Rhea-AI Filing Summary

Green Thumb Industries Inc. (symbol: GTBIF) is the issuer of record for a Form 4 filing submitted to the SEC. Nadelmann Ethan reported acquisition or exercise transactions in this Form 4 filing.

Green Thumb Industries Inc. (GTBIF) reported that director Ethan Nadelmann received a grant of 5,802 Subordinate Voting Shares on September 1, 2026. The shares were awarded at a stated price of $0.00 per share, increasing his directly held position to 74,111 Subordinate Voting Shares. No Rule 10b5-1 trading plan is reported for this award.

Insider Trade Summary

Grant/Award: 5,802 shares

Grant/Award 1 txn

Insider Nadelmann Ethan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Subordinate Voting Shares	5,802	$0.00	$0.00

Holdings After Transaction: Subordinate Voting Shares — 74,111 shares (Direct)

Key Figures

Shares granted: 5,802 Subordinate Voting Shares Reported grant price: $0.00 per share Shares held after transaction: 74,111 Subordinate Voting Shares

3 metrics

Shares granted 5,802 Subordinate Voting Shares Equity award to director Ethan Nadelmann on September 1, 2026

Reported grant price $0.00 per share Price stated for the 5,802-share award to Ethan Nadelmann

Shares held after transaction 74,111 Subordinate Voting Shares Direct holdings of Ethan Nadelmann after the September 1, 2026 grant

Key Terms

Subordinate Voting Shares, grant or award acquisition, direct ownership

3 terms

Subordinate Voting Shares financial

"Title of security reported: 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.

grant or award acquisition financial

"Transaction reported as a grant or award acquisition of shares"

direct ownership financial

"The filing records the shares as held in direct ownership"

FAQ

What insider transaction did GTBIF disclose for Ethan Nadelmann?

Green Thumb Industries disclosed that director Ethan Nadelmann received a grant of 5,802 Subordinate Voting Shares on September 1, 2026, increasing his directly held stake to 74,111 shares in total.

Was the September 1, 2026 GTBIF share grant to Ethan Nadelmann a purchase or an award?

The Form 4 reports the September 1, 2026 activity as a grant or award acquisition of 5,802 Subordinate Voting Shares, not as an open-market purchase or sale.

What price was reported for Ethan Nadelmann’s GTBIF share award?

The filing states that the 5,802 Subordinate Voting Shares granted to Ethan Nadelmann on September 1, 2026 carried a reported price of $0.00 per share, consistent with a compensatory equity award.

How many Green Thumb Industries (GTBIF) shares does Ethan Nadelmann hold after this transaction?

After the reported September 1, 2026 grant, Ethan Nadelmann directly holds 74,111 Subordinate Voting Shares of Green Thumb Industries Inc., according to the Form 4 disclosure.

Was Ethan Nadelmann’s GTBIF share award made under a Rule 10b5-1 trading plan?

The Form 4 indicates that the Rule 10b5-1 plan checkbox is not selected, so no Rule 10b5-1 trading plan is reported in connection with this September 1, 2026 equity award.

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

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Available on EDGAR 09/03/2026 - 05:14 PM Accepted by SEC EDGAR 09/03/2026 - 05:00 PM Learn about SEC filing dates

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^*

Nadelmann Ethan

(Last) (First) (Middle)

325 W. HURON ST.

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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	09/01/2026		A		5,802	A	$0	74,111	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	09/03/2026
	** 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)