Form 4: Planet 13 Co-CEO Groesbeck Acquires Shares

Planet 13 Holdings Inc. Co-CEO Robert Groesbeck acquired 720,517 shares of common stock at $0.23 per share in a personal business transaction.

Summary

• Robert Groesbeck, Co-CEO, Director, and 10% Owner of Planet 13 Holdings Inc. (PLNH), acquired 720,517 shares of common stock.
• The transaction date for the acquisition was December 19, 2025, with shares purchased at a price of $0.23 per share.
• The shares were received pursuant to a personal business transaction.
• Following this transaction, Groesbeck's direct beneficial ownership is 1,113,813 shares.
• His indirect beneficial ownership includes 5,529,294 shares held by PRMN Investments Ltd. and 28,692,659 shares held by RAG Holdings LLC.
• The total beneficial ownership for Robert Groesbeck after this transaction is 35,335,766 shares.

Sentiment

Score: 7

Explanation: The acquisition of a significant number of shares by a Co-CEO is generally a positive indicator of management confidence in the company's future performance and valuation.

Positives

• Insider buying by Co-CEO Robert Groesbeck signals confidence in the company's future prospects and valuation.
• The acquisition increases the Co-CEO's direct stake, further aligning management interests with those of shareholders.

Future Outlook

NA

Management Comments

• Such shares were received pursuant to a personal business transaction.

Industry Context

Insider purchases, especially by high-ranking executives like a Co-CEO, are often viewed by the market as a positive signal, indicating management's belief in the company's undervalued stock or strong future prospects. This transaction occurs within the broader cannabis industry, where regulatory changes and market sentiment can significantly impact stock performance.

Related Party Transactions

• The shares were received pursuant to a 'personal business transaction,' which could imply a related party, though specific details are not provided in this filing.

Stakeholder Impact

• Shareholders: May view the Co-CEO's increased stake as a sign of confidence, potentially leading to positive sentiment and increased demand for the stock.
• Employees: Could interpret the insider purchase as a positive signal regarding the company's stability and future growth.

Key Dates

Recommendation

The acquisition of a substantial number of shares by Co-CEO Robert Groesbeck at $0.23 per share demonstrates strong insider conviction in Planet 13 Holdings Inc.'s future value. Such insider buying often precedes positive company developments or indicates management believes the stock is undervalued, making it a compelling 'buy' signal for investors.

Keywords

Planet 13 Holdings, PLNH, Robert Groesbeck, Insider Trading, Stock Acquisition, SEC Form 4, Beneficial Ownership, Cannabis Industry, Co-CEO, Director, 10% Owner