Form 4: Green Thumb Industries Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Anthony Georgiadis, President of Green Thumb Industries, exercised stock options and sold a portion of the acquired shares, while also reporting indirect ownership through ABG LLC and Three One Four Holdings LLC.
Summary
- On June 24, 2024, Anthony Georgiadis, President of Green Thumb Industries, exercised employee stock options to acquire 200,000 subordinate voting shares at a price of $9.16 per share.
- Simultaneously on June 24, 2024, Georgiadis disposed of 164,885 subordinate voting shares.
- On June 25, 2024, Georgiadis sold 35,115 subordinate voting shares at a price of $12.15 per share.
- Following these transactions, Georgiadis directly owns 172,559 subordinate voting shares.
- Georgiadis also indirectly owns 18,302 subordinate voting shares through ABG LLC and 1,710 through Three One Four Holdings LLC.
- Additionally, Georgiadis indirectly owns 1,589 super voting shares through ABG LLC and 1,333 super voting shares through Three One Four Holdings LLC, while directly owning 37,682 super voting shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The exercise of options and subsequent sale is a common financial activity.
Industry Context
This filing reflects insider trading activity, which is a common occurrence in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- Shareholders may react to the insider selling, depending on their interpretation of the motives behind the sale.
- The transactions could influence the market price of GTII/GTBIF shares.
Key Dates
| Date | Description |
|---|---|
| 07/26/2020 | Date employee stock options were exercisable |
| 06/24/2024 | Date of option exercise and initial share disposal |
| 06/25/2024 | Date of subsequent share disposal |
| 07/26/2024 | Expiration date of employee stock options |
| 06/26/2024 | Date of Form 4 signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.