PLNH.OQXPlanet 13 Holdings INC

Form 4: Planet 13 Holdings Co-CEO Larry Scheffler Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Larry Scheffler, Co-CEO of Planet 13 Holdings, reports the vesting and subsequent disposal of shares related to Restricted Stock Units (RSUs).

Summary

  • On March 22, 2024, Larry Scheffler, Co-CEO of Planet 13 Holdings Inc., reported transactions involving the company's common stock.
  • Scheffler exercised 281,255 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock, at a price of $0.519.
  • Following the exercise, Scheffler disposed of 125,581 shares to cover tax obligations.
  • After these transactions, Scheffler directly owns 1,202,583 shares and indirectly owns 562,500 shares through Scheffler Family Limited Partnership, 33,016,470 shares through Scheffler RX LLC, and 5,000,000 shares through Thirteen LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the increase in the number of shares available in the market.

Key Dates

DateDescription
03/22/2024Date of RSU vesting and stock transactions.
03/26/2024Date of signature on the Form 4 filing.
06/22/2024Expiration date of the Restricted Stock Units.

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