[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 a sale of 48,600 shares of the issuer's common stock on 09/12/2025 at a price of $0.25 per share. Following the reported transaction, Mr. Wren beneficially owned 5,023,311 shares as a direct owner. The Form 4 shows no derivative securities reported and is signed on 09/16/2025.

Positive

• Clear disclosure of the transaction date, price, quantity sold, and resulting beneficial ownership
• No derivative securities are reported, simplifying the ownership picture

Negative

• Insider sale of 48,600 shares reduces direct holdings (transaction code S)
• Price per share of $0.25 is low relative to many equities, but no context on valuation is provided in the filing

Insights

Corporate Governance Expert

TL;DR: Routine insider sale disclosed; no derivatives reported and ownership remains clearly stated.

The filing documents a straightforward sale by an officer with the number of shares sold, sale price, and resulting direct beneficial ownership all disclosed. There are no derivative positions reported on the Form 4, and the report is signed, providing the expected transparency for Section 16 reporting. This appears to be a standard, non-complex disclosure without indications of related-party transactions or changes in control.

Securities Analyst

TL;DR: Officer sold 48,600 shares at $0.25; remaining direct holding reported as 5,023,311 shares.

The transaction is clearly itemized: sale code 'S', quantity sold of 48,600 shares at $0.25, and post-transaction beneficial ownership of 5,023,311 shares. No acquisitions, option exercises, or derivative instruments are shown. For investors monitoring insider activity, this Form 4 provides the necessary factual details to update insider-holding trackers.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
09/12/2025

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	09/12/2025		S		48,600	D	$0.25	5,023,311	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	09/16/2025
	** 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 transaction did Christopher Wren report on Form 4 for PLNH?

The Form 4 reports a sale of 48,600 shares of Planet 13 Holdings common stock (transaction code S) on 09/12/2025 at $0.25 per share.

How many PLNH shares does Christopher Wren beneficially own after the sale?

Following the reported transaction, Mr. Wren beneficially owned 5,023,311 shares, held directly.

Were any derivative securities reported by the reporting person on this Form 4?

No. The Form 4 contains no entries in Table II, so no derivative securities were reported.

When was the Form 4 signed and filed?

The signature block shows Christopher Wren signed the Form on 09/16/2025.

What is the reporting person's role at Planet 13 Holdings?

The Form identifies the reporting person as Vice President of Operations and an officer of the issuer.