[Form 4] Planet 13 Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Christopher Wren, Vice President of Operations at Planet 13 Holdings Inc. (PLNH), reported two open-market sales of the company's common stock on September 9 and September 11, 2025. He sold 42,918 shares at $0.2772 and 23,840 shares at $0.2601, reducing his beneficial ownership from 5,071,911 to 5,048,071 shares. The Form 4 discloses only these non-derivative disposals and no derivative transactions.

Positive

• None.

Negative

• Insider selling: Officer sold a total of 66,758 shares across two transactions, which reduces his beneficial ownership.
• No context provided: The Form 4 contains no explanation such as a 10b5-1 plan or reason for the disposals.

Insights

Corporate Governance Expert

TL;DR: Insider sold a modest block of shares over two days, reducing beneficial ownership slightly.

The filings show routine open-market dispositions by an officer rather than any equity grants or derivative activity. Total shares sold equal 66,758, and the reported post-transaction beneficial ownership remains above 5 million shares. This is a disclosure of insider selling activity; the form does not state any company-related reason or plan for the sales.

Securities Analyst

TL;DR: Two small-volume sales were executed at prices of $0.2772 and $0.2601; no other material changes reported.

From a market perspective, the transactions are explicit and dated (09/09/2025 and 09/11/2025) and affect only non-derivative common stock holdings. The Form 4 contains no information on 10b5-1 plans or other context, limiting conclusions about intent. The disclosure fulfills Section 16 reporting requirements.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
09/09/2025

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	09/09/2025		S		42,918	D	$0.2772	5,071,911	D
Common Stock	09/11/2025		S		23,840	D	$0.2601	5,048,071	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	09/12/2025
	** 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 PLNH insider Christopher Wren report on Form 4?

He reported two open-market sales of common stock: 42,918 shares at $0.2772 on 09/09/2025 and 23,840 shares at $0.2601 on 09/11/2025.

How many shares does Christopher Wren own after the reported transactions?

The Form 4 shows 5,048,071 shares beneficially owned following the reported disposals.

Were any derivative securities reported by the insider in this filing?

No. Table II for derivative securities contains no entries; only non-derivative common stock sales are reported.

Did the Form 4 indicate the sales were under a 10b5-1 plan?

The filing does not indicate a 10b5-1 plan or provide any explanatory note regarding the reason for the sales.

On which dates were the transactions executed?

The reported transactions occurred on 09/09/2025 and 09/11/2025.