GTBIF director receives 5,315 share equity grant

Nadelmann Ethan reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Nadelmann Ethan reported acquisition or exercise transactions in this Form 4 filing.

Green Thumb Industries Inc. director Ethan Nadelmann reported receiving a grant of 5,315 Subordinate Voting Shares. The shares were awarded at a price of $0.00 per share, indicating a compensation-related equity award rather than an open-market purchase.

Following this grant, Nadelmann directly holds a total of 68,309 Subordinate Voting Shares. This filing reflects a routine equity award to a director, with no derivative securities reported as remaining in this Form 4.

Insider Trade Summary

Grant/Award: 5,315 shares

Grant/Award 1 txn

Insider Nadelmann Ethan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Subordinate Voting Shares	5,315	$0.00	$0.00

Holdings After Transaction: Subordinate Voting Shares — 68,309 shares (Direct)

Key Figures

Shares granted: 5,315 shares Grant price: $0.00 per share Shares held after: 68,309 shares

3 metrics

Shares granted 5,315 shares Equity award of Subordinate Voting Shares

Grant price $0.00 per share Recorded transaction price for the share award

Shares held after 68,309 shares Total direct holdings after the grant

Key Terms

Subordinate Voting Shares, grant/award acquisition, Form 4, non-derivative

4 terms

Subordinate Voting Shares financial

"security_title: "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/award acquisition financial

"transaction_action: "grant/award acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"transaction_type: "non-derivative""

FAQ

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

What insider transaction did Green Thumb Industries (GTBIF) director Ethan Nadelmann report?

Director Ethan Nadelmann reported receiving a grant of 5,315 Subordinate Voting Shares. The award was recorded at a price of $0.00 per share, indicating stock-based compensation rather than an open-market purchase of Green Thumb Industries shares.

How many Green Thumb Industries (GTBIF) shares does Ethan Nadelmann hold after this Form 4?

After the reported grant, Ethan Nadelmann directly holds 68,309 Subordinate Voting Shares of Green Thumb Industries. This total includes the 5,315 shares received in the latest compensation-related award described in the Form 4 insider transaction filing.

Was the Green Thumb Industries (GTBIF) Form 4 transaction a stock purchase or a grant?

The Form 4 transaction for Green Thumb Industries was a grant or award acquisition, not an open-market stock purchase. The 5,315 Subordinate Voting Shares were issued at $0.00 per share as director compensation, based on the Form 4 transaction coding and pricing.

Does the Green Thumb Industries (GTBIF) Form 4 show any share sales by Ethan Nadelmann?

The Form 4 does not report any share sales by Ethan Nadelmann. It shows only an acquisition of 5,315 Subordinate Voting Shares through a grant or award, increasing his direct holdings to 68,309 shares after the transaction.

What type of security did Ethan Nadelmann receive in the Green Thumb Industries (GTBIF) Form 4?

Ethan Nadelmann received Subordinate Voting Shares of Green Thumb Industries. The Form 4 records an award of 5,315 of these shares at $0.00 per share, reflecting an equity-based compensation grant rather than a derivative or option exercise.

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

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Accepted by SEC EDGAR 06/03/2026 - 04:30 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)
06/01/2026

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	06/01/2026		A		5,315	A	$0	68,309	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	06/03/2026
	** 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)