Form 4: Green Thumb CFO Sells Shares for Tax Obligation

Green Thumb Industries CFO Mathew Faulkner disposed of 60,000 subordinate voting shares at $7.05 each to cover tax liabilities, as per a pre-arranged 10b5-1 plan.

Summary

• Mathew Faulkner, Chief Financial Officer of Green Thumb Industries Inc. (GTII/GTBIF), reported a disposition of company securities.
• The transaction involved 60,000 Subordinate Voting Shares.
• The shares were disposed of on November 1, 2025, at a price of $7.05 per share.
• The transaction code 'F' indicates that the disposition was for the payment of tax liability by withholding securities.
• Following this transaction, Mr. Faulkner directly beneficially owns 444,737 Subordinate Voting Shares and 1,814 Multiple Voting Shares.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax purposes, pre-scheduled under a 10b5-1 plan, and does not indicate a change in management's outlook or company fundamentals. Therefore, the sentiment is neutral.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis within the cannabis sector.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, pre-scheduled tax-related disposition by an insider and not indicative of a change in company fundamentals or management's confidence.

Key Dates

Recommendation

The disposition of shares by the CFO is a routine, pre-scheduled transaction for tax liability, as indicated by the 'F' transaction code and the 10b5-1 plan checkbox. Such transactions are generally not indicative of a change in the company's fundamental outlook or management's confidence, and therefore, do not warrant a change in investment recommendation based solely on this filing. A 'hold' recommendation is appropriate as this event is neutral to the investment thesis.

Keywords

Green Thumb Industries, GTII, GTBIF, Form 4, Insider Transaction, Stock Sale, CFO, Mathew Faulkner, Subordinate Voting Shares, Tax Withholding, 10b5-1 Plan