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Goldman Jeffrey H reported acquisition or exercise transactions in this Form 4 filing.
Green Thumb Industries Inc. director Jeffrey H. Goldman received a grant of 8,548 Subordinate Voting Shares on March 1, 2026 at no cost. After this grant, he directly holds 1,415,227 Subordinate Voting Shares. He also reports indirect holdings through the Peter D. Goldman Trust and the Amy B. Goldman Trust.
Green Thumb Industries Inc. director Hannah Scofield Buchan reported an equity award of 6,648 Subordinate Voting Shares on March 1, 2026. The shares were acquired as a grant or award, with a reported price of $0.0000 per share. Following this transaction, her direct holdings increased to 66,484 Subordinate Voting Shares.
Green Thumb Industries Inc. director Ethan Nadelmann reported an equity award of 6,648 Subordinate Voting Shares of the company. The shares were acquired as a grant or award at a stated price of $0.00 per share, indicating a non-cash compensation grant rather than an open-market purchase. Following this transaction, Nadelmann’s directly held Subordinate Voting Shares increased to 62,994 shares.
Green Thumb Industries Inc. director Dawn Wilson Barnes reported receiving a grant of 6,648 Subordinate Voting Shares on March 1, 2026. The award was recorded at a price of $0.00 per share, indicating it was a compensatory grant rather than an open-market purchase.
Following this equity award, Barnes’ directly held Subordinate Voting Shares increased to 65,871 shares. This filing documents an addition to her ownership position through a director grant/award acquisition.
Green Thumb Industries Inc. Chairman and CEO Benjamin Kovler reported a tax-related share disposition on March 1, 2026. A total of 1,782 Subordinate Voting Shares were disposed of at $6.58 per share to satisfy a payment of exercise price or tax liability, rather than as an open-market sale.
Following this transaction, Kovler directly held 682,029 Subordinate Voting Shares. He also reported indirect ownership of Subordinate Voting Shares through Outsiders Capital LLC and KP Capital, LLC, and direct and indirect holdings of Super Voting Shares, including interests held by Outsiders Capital LLC and the BK 2021 Descendant Trust.
Green Thumb Industries Inc. chief financial officer Mathew Faulkner recorded a tax-withholding disposition of 4,344 Subordinate Voting Shares on March 1, 2026 at $6.58 per share to satisfy tax obligations. After this, he directly owned 420,589 Subordinate Voting Shares and 1,814 Multiple Voting Shares.
Green Thumb Industries Inc. general counsel and secretary Bret Kravitz reported a disposal of Subordinate Voting Shares mainly to cover taxes. On March 1, 2026, he transferred 1,169 Subordinate Voting Shares at a price of 6.58 per share in a tax-withholding disposition. After this, he directly held 443,754 Subordinate Voting Shares and 302 Multiple Voting Shares.
RYTHM, Inc. reported that RSLGH, LLC, an entity indirectly wholly owned by Green Thumb Industries Inc., acquired 57,377 Pre-Funded Warrants as payment of interest on a May 25, 2025 convertible note. These warrants carry a 49.99% beneficial ownership cap and their exercise is subject to stockholder approval under applicable Nasdaq listing rules, to the extent required. After this interest payment, RSLGH holds a total of 68,750 Pre-Funded Warrants in RYTHM, Inc.
Green Thumb Industries Inc. filed its annual report detailing a multistate U.S. cannabis business focused on branded consumer packaged goods and retail stores. The company operates in fourteen states, runs 113 retail locations under RISE and other banners, and employs about 5,000 people.
Retail contributed 71% of revenue in 2025, with 29% from its consumer packaged goods segment. Green Thumb expanded liquidity through a $150,000 thousand syndicated credit facility in 2024, later amended to $200,000 thousand, and a $23,500 thousand mortgage on a New York facility.
The filing emphasizes extensive regulatory risk, including ongoing U.S. federal illegality of cannabis, evolving state regimes, competition from hemp-derived THC products, and potential impacts from federal rescheduling and banking reforms.
Green Thumb Industries reported record fourth-quarter 2025 revenue of $311.1 million, up 5.7% year over year, and full-year revenue of $1.2 billion, up 3.4%. Fourth-quarter GAAP net income rose to $83.2 million, or $0.36 per basic share, helped by favorable fair value adjustments on related party warrants.
For 2025, GAAP net income was $114.2 million, or $0.49 per basic share, while normalized EBITDA reached $348.4 million, or 29.6% of revenue. Gross margins compressed as full-year gross profit margin declined to 48.9% from 52.9% in 2024, reflecting price pressure and competition.
The company ended 2025 with $274.3 million in cash and $244.9 million of total debt, including $142.5 million of senior debt, and subsequently increased its credit facility by $50 million. It repurchased approximately 7.7 million Subordinate Voting Shares for $38.9 million during 2025 and 15.5 million shares for $121.8 million since September 2023. Management expects first-quarter 2026 revenue to decline sequentially by a mid-single-digit percentage due to pricing pressure and seasonality.