Planet 13 (PLNH) VP of Operations sells 30,000 shares in open market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Planet 13 Holdings Inc. vice president of operations Chris Wren reported an open-market sale of 30,000 shares of common stock. The shares were sold at an average price of $0.1545 per share. Following this transaction, Wren directly holds 5,017,784 shares of Planet 13 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($4,635)
Net Sell
1 txn
Insider
Wren Chris
Role
VP of Operations
Sold
30,000 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $0.1545 | $5K |
Holdings After Transaction:
Common Stock — 5,017,784 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 30,000 shares
Sale price: $0.1545 per share
Shares owned after transaction: 5,017,784 shares
3 metrics
Shares sold
30,000 shares
Open-market sale of common stock
Sale price
$0.1545 per share
Average price for the reported sale
Shares owned after transaction
5,017,784 shares
Direct holdings following the sale
Key Terms
open-market sale, Common Stock, non-derivative, transaction code "S"
4 terms
open-market sale financial
"transaction_action":"open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title":"Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
""transaction_type":"non-derivative""
transaction code "S" financial
""transaction_code":"S""
FAQ
What did Planet 13 (PLNH) VP of Operations Chris Wren report on this Form 4?
Chris Wren reported an open-market sale of Planet 13 common stock. He sold 30,000 shares at an average price of $0.1545 per share, and this filing discloses the change in his direct ownership position.
Was the Planet 13 (PLNH) transaction by Chris Wren an open-market sale?
Yes. The Form 4 lists the transaction code as “S”, described as a sale in open market or private transaction. The filing further characterizes it as an open-market sale of common stock at an average price of $0.1545 per share.
Does the Planet 13 (PLNH) Form 4 show any option exercises or derivative trades?
No derivative transactions are reported in this filing. The Form 4 describes a non-derivative transaction involving common stock only, and the derivativeSummary section is empty, indicating no options or other derivatives were exercised or converted.