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

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Kathryn A. Lloyd, Attorney-in-Fact
Issuer symbol: GTBIF
Transactions as of: 01 Apr 2023
Net transactions value: -$8,756
Form type: 4
Filing time: 04 Apr 2023, 18:37:36 UTC
Previous filing: 29 Mar 2023
Next filing: 03 Jan 2024
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	+39,525	+52%	$0.000000	115,455	01 Apr 2023	Direct
transaction	GTBIF	Subordinate Voting Shares	Tax liability	$8,756	-1,224	-1.1%	$7.15	114,231	03 Apr 2023	Direct
holding	GTBIF	Multiple Voting Shares						1,814	01 Apr 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
transaction	GTBIF	Employee Stock Options	Award	$0	+73,529		$0.000000	73,529	01 Apr 2023	Subordinate Voting Shares	73,529	$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.