Benjamin Kovler - 01 Apr 2023 Form 4 Insider Report for Green Thumb Industries Inc. (GTBIF)

Role: CHAIRMAN & CEO, Director, 10%+ Owner
Signature: /s/ Kathryn A. Lloyd, Attorney-in-Fact
Issuer symbol: GTBIF
Transactions as of: 01 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2023, 18:33:01 UTC
Previous filing: 06 Jul 2022
Next filing: 26 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTBIF	Subordinate Voting Shares	Award	$0	+22,397	+20%	$0.000000	136,034	01 Apr 2023	Direct
holding	GTBIF	Super Voting Shares						97,612	01 Apr 2023	Direct
holding	GTBIF	Subordinate Voting Shares						158,130	01 Apr 2023	By Outsiders Capital LLC
holding	GTBIF	Super Voting Shares						80,642	01 Apr 2023	By Outsiders Capital LLC
holding	GTBIF	Super Voting Shares						5,000	01 Apr 2023	By BK 2021 Descendant Trust

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
transaction	GTBIF	Employee Stock Options	Award	$0	+166,666		$0.000000	166,666	01 Apr 2023	Subordinate Voting Shares	166,666	$7.59	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The exercise price was determined based on the March 31, 2023 closing price of a Subordinate Voting Share on the Canadian Securities Exchange of CA$10.27, and was converted to US$7.59 based on the currency exchange rate of 0.739834 as reported by the Bank of Canada.
F2	The stock option was granted on April 1, 2023 and vests in one-third increments annually over a three-year period beginning on the first anniversary of the grant date.