Bret Kravitz - Jan 1, 2023 Form 3 Insider Report for Green Thumb Industries Inc. (GTBIF)

Role: GENERAL COUNSEL AND SECRETARY
Signature: /s/ Kathryn A. Lloyd, Attorney-in-Fact
Stock symbol: GTBIF
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/4/2023, 03:26 PM
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GTBIF	Subordinate Voting Shares						327K	Jan 1, 2023	Direct
holding	GTBIF	Multiple Voting Shares						302	Jan 1, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GTBIF	Employee Stock Options							Jan 1, 2023	Subordinate Voting Shares	6K	$8.58	Direct	F1, F2
holding	GTBIF	Employee Stock Options							Jan 1, 2023	Subordinate Voting Shares	22.4K	$6.55	Direct	F3, F4
holding	GTBIF	Employee Stock Options							Jan 1, 2023	Subordinate Voting Shares	7.47K	$29.68	Direct	F5, F6
holding	GTBIF	Employee Stock Options							Jan 1, 2023	Subordinate Voting Shares	7.79K	$19.10	Direct	F7, F8
holding	GTBIF	Employee Stock Options							Jan 1, 2023	Subordinate Voting Shares	19.4K	$7.98	Direct	F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock option was granted on September 27, 2019 and is now fully vested.
F2	In the Issuer's discretion, the option may also be exercised for CA$11.37, based on the currency exchange rate of 1.3252 as reported by the Bank of Canada as of the close of trading on the Canadian Stock Exchange on September 27, 2019.
F3	The stock option was granted on March 27, 2020 and vests in one-third increments on March 27, 2021, March 27, 2022, and March 27, 2023.
F4	In the Issuer's discretion, the option may also be exercised for CA$9.22, based on the currency exchange rate of 1.4076 as reported by the Bank of Canada as of the close of trading on the Canadian Stock Exchange on March 27, 2020.
F5	The stock option was granted on April 1, 2021 and vests in one-third increments on April 1, 2022, April 1, 2023, and April 1, 2024.
F6	In the Issuer's discretion, the option may also be exercised for CA$37.29, based on the currency exchange rate of 1.2564 as reported by the Bank of Canada as of the close of trading on the Canadian Stock Exchange on April 1, 2021.
F7	The stock option was granted on April 1, 2022 and vests in one-third increments on April 1, 2023, April 1, 2024, and April 1, 2025.
F8	In the Issuer's discretion, the option may also be exercised for CA$23.90, based on the currency exchange rate of 1.2513 as reported by the Bank of Canada as of the close of trading on the Canadian Stock Exchange on April 1, 2022.
F9	The stock option was granted on July 1, 2022 and vests in one-half increments on January 1, 2023 and January 1, 2024.
F10	In the Issuer's discretion, the option may also be exercised for CA$10.28, based on the currency exchange rate of 1.2882 as reported by the Bank of Canada as of the close of trading on the Canadian Stock Exchange on July 1, 2022.