Form 4: Planet 13 Holdings Inc. VP of Operations Chris Wren Reports RSU Vesting and Share Transactions
SEC Form 4 Filing
Chris Wren, VP of Operations at Planet 13 Holdings Inc., reports the vesting of restricted stock units (RSUs) and subsequent share transactions on March 22, 2024.
Summary
- On March 22, 2024, Chris Wren, VP of Operations at Planet 13 Holdings Inc., reported transactions involving common stock and restricted stock units.
- 156,518 shares were acquired through the vesting of restricted stock units (RSUs) at a price of $0.519 per share.
- 57,912 shares were disposed of to cover tax obligations at a price of $0.519 per share.
- 98,606 shares were sold at a price of $0.519 per share.
- Following these transactions, Wren directly owns 304,831 shares of common stock and indirectly owns 3,665,200 shares through 4 Degrees Higher LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent 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.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of RSU vesting and share 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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