Green Thumb Industries Inc. 4

What Happened
RSLGH, LLC (reported as a 10% owner) exercised pre‑funded warrants/converted a derivative to acquire 78,459 shares of RYTH, Inc. at $29.47 per share, a transaction valued at $2,312,501. This was an acquisition (purchase via exercise), not a sale.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (timely filing).
• Instrument/Code: M — exercise/conversion of a derivative (pre‑funded warrants).
• Shares acquired: 78,459 at $29.47 each; total consideration ≈ $2,312,501.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes: See F1/F2 (summary below).
• Filing timeliness: Reported the next day (not marked late).

Context

• Footnote F1: The shares come from pre‑funded warrants issued as payment of interest under an August 25, 2025 Convertible Note. Those warrants are subject to a 49.99% beneficial ownership cap and may require shareholder approval under applicable Nasdaq rules to be exercised to the extent required.
• Footnote F2: RSLGH directly holds the Convertible Note and the pre‑funded warrants. RSLGH is an indirectly wholly owned subsidiary of Green Thumb Industries Inc. (via several intermediate entities), so this is institutional/entity insider activity rather than an individual officer/director trade.
• Practical note for investors: This was an exercise (acquisition) of a derivative instrument — not an immediate open‑market buy or sale — and may be subject to ownership limits and listing‑rule approvals.