Jushi Holdings (OTC: JUSHF) director awarded 100,000 stock options

Rhea-AI Filing Summary

Jushi Holdings Inc. reported that director Billy Wafford received a stock option grant on 12/11/2025. The option gives him the right to buy 100,000 subordinate voting shares at an exercise price of $0.50 per share and expires on 12/11/2035. According to the vesting schedule, one-third of these options will vest on 12/11/2026, another third on 12/11/2027, and the final third on 12/11/2028, all subject to continuous service as a director.

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

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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^*

Wafford Bill

(Last) (First) (Middle)

301 YAMATO ROAD

SUITE 3250

(Street)

BOCA RATON FL 33431

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Jushi Holdings Inc. [ JUSH/JUSHF ]

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)
12/11/2025

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

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
Stock Option (right to buy)	$0.5	12/11/2025		A		100,000		(1)	12/11/2035	Subordinate Voting Shares	100,000	$0	100,000	D

Explanation of Responses:

1. 1/3 of the Options will vest on 12/11/2026, 1/3 will vest on 12/11/2027, and 1/3 will vest on 12/11/2028, subject to continuous service.

Remarks:

	/s/ Billy Wafford	12/15/2025
	** 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 Jushi Holdings (JUSHF) report for its director?

Jushi Holdings reported that director Billy Wafford received a grant of stock options covering 100,000 subordinate voting shares on 12/11/2025.

What is the exercise price of the new Jushi Holdings (JUSHF) stock options?

The stock options granted to director Billy Wafford have an exercise price of $0.50 per share for the underlying subordinate voting shares.

How do the Jushi Holdings (JUSHF) director stock options vest?

The options vest in three equal installments: 1/3 on 12/11/2026, 1/3 on 12/11/2027, and 1/3 on 12/11/2028, subject to continuous service.

When do the Jushi Holdings (JUSHF) director stock options expire?

The stock options granted on 12/11/2025 to director Billy Wafford have an expiration date of 12/11/2035.

How many Jushi Holdings (JUSHF) derivative securities does the director hold after this grant?

Following this transaction, director Billy Wafford beneficially owns 100,000 stock options directly, each tied to one subordinate voting share.

What type of security underlies the Jushi Holdings (JUSHF) director stock options?

The options are exercisable for subordinate voting shares of Jushi Holdings Inc., with 100,000 shares underlying the derivative security.