Kovler Benjamin 4

What Happened

• Benjamin Kovler, a reported 10% owner of Green Thumb Industries (GTII / GTBIF), received equity awards on April 1, 2026: 48,165 shares issued and 27,631 shares as a derivative award (total 75,796 shares) at $0.00 cost. Separately, 3,733 shares were surrendered/withheld to cover tax liabilities at $6.38 per share, a disposition valued at approximately $23,817. The awards appear to be stock-option related (see footnote).

Key Details

• Transaction date: 2026-04-01
• Grants: 48,165 shares (A) @ $0.00; Derivative award: 27,631 shares (A) @ $0.00
• Tax withholding: 3,733 shares (F) disposed @ $6.38 = $23,817 (shares withheld to satisfy tax withholding)
• Footnote: The award of stock options was made on April 1, 2026 and vests in one‑third increments annually over a three‑year period beginning on the first anniversary of the grant date.
• Shares owned after the reported transactions: not specified in the filing
• Filing timeliness: no late-filing indication in the provided information

Context

• The derivative award is described as stock options that vest over three years; this was a grant, not an open‑market purchase or sale. The 3,733‑share disposition reflects tax withholding (common on grants/vests) rather than a market sale signaling sentiment. As a 10% owner, Kovler is a significant holder/insider; these awards represent compensation/equity grants rather than a direct buy or sell decision.