[Form 4] Green Thumb Industries Inc. Insider Trading Activity

Rhea-AI Filing Summary

Green Thumb Industries’ General Counsel and Secretary Bret Kravitz received a share award of 57,339 Subordinate Voting Shares on April 1, 2026, increasing his direct holdings before tax withholding. To cover tax obligations, 4,282 shares were withheld at $6.38 per share, leaving 337,675 Subordinate Voting Shares held directly.

On the same date, Kravitz transferred 159,136 Subordinate Voting Shares and 302 Multiple Voting Shares to the Bret D. Kravitz Revocable Trust, where he is trustee and sole beneficiary. The filing states this trust transfer did not change his economic interest, so it is an ownership restructuring rather than a sale.

Insights

Insider transactions analyst

Compensation-related grant with routine tax withholding and internal trust transfer.

The filing shows Bret Kravitz receiving 57,339 Subordinate Voting Shares as a compensation grant, a non-cash award that increases his equity stake. The 4,282 shares withheld at $6.38 per share are for taxes, not an open-market sale, so they carry little directional signal.

Additional entries record 159,136 Subordinate Voting Shares and 302 Multiple Voting Shares held through the Bret D. Kravitz Revocable Trust. The footnotes state this trust transfer does not change his pecuniary interest, indicating an internal restructuring of how shares are held rather than a change in overall exposure to Green Thumb Industries.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kravitz Bret

Role GENERAL COUNSEL AND SECRETARY

Type	Security	Shares	Price	Value
Grant/Award	Subordinate Voting Shares	57,339	$0.00	--
Tax Withholding	Subordinate Voting Shares	4,282	$6.38	$27K
holding	Subordinate Voting Shares	--	--	--
holding	Multiple Voting Shares	--	--	--

Holdings After Transaction: Subordinate Voting Shares — 341,957 shares (Direct); Subordinate Voting Shares — 159,136 shares (Indirect, Bret D. Kravitz Revocable Trust); Multiple Voting Shares — 302 shares (Indirect, Bret D. Kravitz Revocable Trust)

Footnotes (1)

1. The reporting person transferred 159,136 Subordinate Voting Shares to the Bret D. Kravitz Revocable Trust. The reporting person serves as trustee and sole beneficiary of the trust and retains beneficial ownership of the shares. This transaction did not involve any change in the reporting person's pecuniary interest in the securities. The reporting person transferred 302 Multiple Voting Shares to the Bret D. Kravitz Revocable Trust. The reporting person serves as trustee and sole beneficiary of the trust and retains beneficial ownership of the shares. This transaction did not involve any change in the reporting person's pecuniary interest in the securities.

Key Figures

Share grant: 57,339 Subordinate Voting Shares Tax-withheld shares: 4,282 shares at $6.38/share Direct holdings after grant and withholding: 337,675 Subordinate Voting Shares +2 more

5 metrics

Share grant 57,339 Subordinate Voting Shares Awarded to Bret Kravitz on April 1, 2026

Tax-withheld shares 4,282 shares at $6.38/share Shares withheld to cover tax liability on April 1, 2026

Direct holdings after grant and withholding 337,675 Subordinate Voting Shares Direct ownership following April 1, 2026 transactions

Trust Subordinate Voting Shares 159,136 shares Held by Bret D. Kravitz Revocable Trust after transfer

Trust Multiple Voting Shares 302 shares Held by Bret D. Kravitz Revocable Trust after transfer

Key Terms

Subordinate Voting Shares, Multiple Voting Shares, tax-withholding disposition, Revocable Trust, +1 more

5 terms

Subordinate Voting Shares financial

"The reporting person transferred 159,136 Subordinate Voting Shares to the Bret D. Kravitz Revocable Trust."

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.

Multiple Voting Shares financial

"The reporting person transferred 302 Multiple Voting Shares to the Bret D. Kravitz Revocable Trust."

Shares that carry more votes per share than regular shares, giving their holders greater control over corporate decisions such as board elections and major strategic moves. For investors this matters because a small group holding multiple voting shares can steer the company’s direction irrespective of economic ownership, similar to a few people holding the keys to a car even if many others own parts of it, which affects governance risk and influence on value.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Revocable Trust financial

"to the Bret D. Kravitz Revocable Trust. The reporting person serves as trustee and sole beneficiary of the trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

pecuniary interest financial

"This transaction did not involve any change in the reporting person's pecuniary interest in the securities."

Form 4 Insider Transactions: What Each Field Means →

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^*

Kravitz Bret

(Last) (First) (Middle)

325 W. 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL COUNSEL AND SECRETARY

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		A		57,339	A	$0	341,957	D(1)
Subordinate Voting Shares	04/01/2026		F		4,282	D	$6.38	337,675	D(1)
Subordinate Voting Shares								159,136	I(1)	Bret D. Kravitz Revocable Trust
Multiple Voting Shares								302	I(2)	Bret D. Kravitz Revocable 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:

1. The reporting person transferred 159,136 Subordinate Voting Shares to the Bret D. Kravitz Revocable Trust. The reporting person serves as trustee and sole beneficiary of the trust and retains beneficial ownership of the shares. This transaction did not involve any change in the reporting person's pecuniary interest in the securities.

2. The reporting person transferred 302 Multiple Voting Shares to the Bret D. Kravitz Revocable Trust. The reporting person serves as trustee and sole beneficiary of the trust and retains beneficial ownership of the shares. This transaction did not involve any change in the reporting person's pecuniary interest in the securities.

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	04/03/2026
	** 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)