Form 4: Planet 13 Holdings Inc.: Lee Fraser Reports RSU Vesting
SEC Form 4
Lee Fraser, Chief Administrative Officer of Planet 13 Holdings Inc., reports the vesting and subsequent disposal of restricted stock units (RSUs) on March 22, 2024.
Summary
- On March 22, 2024, Lee Fraser, Chief Administrative Officer of Planet 13 Holdings Inc., reported transactions involving restricted stock units (RSUs).
- A total of 185,185 RSUs vested and were converted into common stock at a price of $0.54.
- Following the vesting, 83,333 shares were disposed of to cover tax obligations.
- After these transactions, Fraser directly owns 101,852 shares of Planet 13 Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of RSU vesting and transactions |
| 03/15/2025 | Expiration date of the Restricted Stock Units |
| 03/26/2024 | Date of signature on the Form 4 filing |
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