Form 4: Planet 13 Holdings Co-CEO Robert Groesbeck Reports RSU Vesting and Share Transactions
SEC Form 4 Filing
Robert Groesbeck, Co-CEO of Planet 13 Holdings, reports the vesting of Restricted Stock Units (RSUs) and associated share transactions on March 22, 2024.
Summary
- On March 22, 2024, Robert Groesbeck, Co-CEO of Planet 13 Holdings Inc., reported transactions involving common stock and Restricted Stock Units (RSUs).
- Groesbeck disposed of 281,255 shares of common stock at a price of $0.519 per share upon the vesting of RSUs.
- He also disposed of 125,581 shares to cover tax obligations related to the RSU vesting, also at $0.519 per share.
- Following these transactions, Groesbeck directly owns 1,113,813 shares of common stock.
- Additionally, he indirectly owns 7,603,294 shares through PRMN Investments Ltd. and 30,413,176 shares through RAG Holdings LLC.
Sentiment
Score: 5
Explanation: The document is a neutral 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 regarding insider transactions to the market.
Stakeholder Impact
- Shareholders are informed about insider transactions, providing transparency into management's stock ownership.
- The transactions may have a minor impact on the stock price due to the volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of RSU vesting and related stock transactions. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
| 06/22/2024 | Expiration date of the Restricted Stock Units. |
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