Form 4: Planet 13 Holdings Inc. General Counsel Receives RSU Grant

Tatev Oganyan, General Counsel of Planet 13 Holdings Inc., was granted 338,983 Restricted Stock Units (RSUs) on April 2, 2025, which vest in three tranches starting May 16, 2026.

Summary

• On April 2, 2025, Tatev Oganyan, the General Counsel of Planet 13 Holdings Inc., received a grant of 338,983 Restricted Stock Units (RSUs).
• These RSUs represent the right to receive one share of common stock per unit.
• The RSUs will vest in three equal installments: 1/3 on May 16, 2026, 1/3 on May 16, 2027, and 1/3 on May 16, 2028.
• The exercise price will be determined on the day prior to each vesting date.
• Following this transaction, Ms. Oganyan beneficially owns 638,983 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of an RSU grant, which is generally neutral. It indicates continued alignment of management with shareholder interests.

Positives

• The RSU grant aligns the General Counsel's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The RSUs are subject to continued service through each vesting date, indicating an expectation of continued employment.

Industry Context

RSU grants are a common form of executive compensation in publicly traded companies, particularly in growth-oriented sectors like the cannabis industry.

Stakeholder Impact

• The RSU grant could have a minor positive impact on shareholder sentiment by aligning management's interests with those of the shareholders.

Key Dates

Keywords

RSU, Restricted Stock Units, Planet 13 Holdings, Oganyan, General Counsel, Vesting, Equity Compensation, PLNH