Planet 13 insider files Form 4 after two open-market sales totaling 60,000 shares

Rhea-AI Filing Summary

Christopher Wren, listed as VP of Operations and an officer of Planet 13 Holdings Inc. (PLNH), reported two open-market sales of common stock. On 09/26/2025 he sold 30,000 shares at $0.2102 each, and on 09/29/2025 he sold 30,000 shares at $0.24 each. Following the transactions his beneficial ownership decreased from 4,993,311 shares to 4,963,311 shares. The Form 4 is signed by Christopher Wren on 09/29/2025.

Positive

• Timely and complete disclosure of insider sales with dates, amounts, prices, and post-transaction ownership.
• Sales were limited (60,000 shares) relative to the reported beneficial ownership (~4.96 million shares), reducing potential materiality.

Negative

• Insider selling may be perceived negatively by some investors even though the filing provides no explanation for the sales.

Insights

Financial Analyst

TL;DR: Officer sold 60,000 shares; change is small relative to ~5.0M held, indicating limited financial impact.

The filing shows routine open-market disposals totaling 60,000 shares at average prices of $0.2102 and $0.24. After the sales the reporting person retains 4,963,311 shares, which suggests the transactions reduced beneficial ownership by ~0.6% of the post-sale position. No acquisitions, derivative transactions, or other agreements are reported. From a quantifiable standpoint these sales are not material to company capitalization based solely on the numbers in the form.

Corporate Governance Expert

TL;DR: Disclosure is timely and complete for reported sales; transactions are straightforward open-market disposals.

The Form 4 identifies the reporting person as an officer and provides required details: transaction dates, codes, share amounts, prices, and resulting ownership. The signature dated 09/29/2025 confirms filing. There are no indications of related-party transactions, options exercises, or derivative holdings in this submission. For governance review, this is a standard insider sale disclosure without additional contextual items disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wren Chris

(Last) (First) (Middle)

5711 ASPEN FALLS CIR

(Street)

LAS VEGAS NV 89149

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Planet 13 Holdings Inc. [ PLNH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP of Operations

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/26/2025		S		30,000	D	$0.2102	4,993,311	D
Common Stock	09/29/2025		S		30,000	D	$0.24	4,963,311	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Christopher Wren	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Planet 13 (PLNH) insider Christopher Wren report?

He reported two open-market sales totaling 60,000 shares on 09/26/2025 and 09/29/2025 at $0.2102 and $0.24 per share respectively.

How many shares does Christopher Wren own after these transactions?

Following the reported sales his beneficial ownership is 4,963,311 shares as stated on the Form 4.

What is Christopher Wren’s role at the company?

The Form 4 lists him as an officer with the title VP of Operations and indicates he is a reporting person.

Were any derivative securities reported on this Form 4?

No derivative securities, options, or convertible instruments are listed in Table II of this filing.

When was the Form 4 signed?

The Form 4 is signed by Christopher Wren on 09/29/2025.