Form 4: Green Thumb Industries President Exercises Warrants in Cashless Transaction

Anthony Georgiadis, President of Green Thumb Industries, exercised warrants to purchase subordinate voting shares in a cashless transaction on November 8, 2024.

Summary

• On November 8, 2024, Anthony Georgiadis, the President of Green Thumb Industries, exercised warrants to purchase subordinate voting shares.
• The transactions were executed on a cashless basis.
• In the first transaction, Georgiadis exercised warrants for 951 shares at $8.6538 per share, with 889 shares withheld to cover the exercise price, resulting in 62 shares issued to Georgiadis.
• In the second transaction, Georgiadis exercised warrants for 267 shares at $8.6538 per share, with 249 shares withheld to cover the exercise price, resulting in 18 shares issued to Georgiadis.
• Following these transactions, Georgiadis's indirect holdings through ABG LLC and Three One Four Holdings LLC changed.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to warrant exercises, indicating a neutral sentiment. It reflects standard executive compensation practices.

Industry Context

This filing reflects insider activity related to equity compensation, which is a common practice in publicly traded companies, particularly in growth-oriented sectors like the cannabis industry. It indicates management's continued investment in the company's stock.

Stakeholder Impact

• The warrant exercises have a minor dilutive effect on existing shareholders.

Key Dates