RYTHM (RYM) 10% Owner RSLGH Exercises 133,716 Shares

What Happened
RSLGH, LLC (a 10% owner of RYTHM, Inc.) exercised pre-funded warrants (reported as derivative exercises, code M) to acquire a total of 133,716 shares of RYTHM common stock on September 1, 2026. The exercises broke down as 57,377 shares at $23.53 each for $1,350,023, and 76,339 shares at $29.47 each for $2,250,016 — a combined cash value of $3,600,039. This was an acquisition (purchase) via exercise of warrants, not an open-market buy or sale.

Key Details

• Transaction date: 2026-09-01 (filed on 2026-09-03 — within the typical two-business-day Form 4 window).
• Individual exercises: 57,377 shares @ $23.53 = $1,350,023; 76,339 shares @ $29.47 = $2,250,016. Total: 133,716 shares for $3,600,039.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1/F3 — shares result from pre-funded warrants issued as payment of interest on convertible notes dated May 25, 2025 and August 25, 2025. F2/F4 — RSLGH is the direct holder of those notes/warrants and is an indirectly wholly‑owned subsidiary of Green Thumb Industries Inc.
• Transaction type: Derivative exercise (code M). No sale or immediate disposition of the acquired shares is reported in this filing.

Context
This is institutional-level activity by a 10% owner (an entity tied to Green Thumb Industries), not an individual executive trade. The shares were acquired by exercising pre-funded warrants received as interest on convertible notes — a financing- or contract-driven transaction rather than an independent open-market investment decision. The filing does not indicate any immediate sale of the shares.