William Vargas - May 25, 2023 Form 4 Insider Report for Planet 13 Holdings Inc. (PLNHF)

Role: VP of Finance
Signature: /s/ William Vargas
Stock symbol: PLNHF
Transactions as of: May 25, 2023
Transactions value $: -$23,378
Form type: 4
Date filed: 5/26/2023, 04:18 PM
Previous filing: Jan 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLNHF	Common Shares	Other	$0	-209K	-100%	$0.00^*	0	May 25, 2023	Direct	F1
transaction	PLNHF	Common Shares	Options Exercise	$58.4K	+104K	+36.99%	$0.56	386K	May 25, 2023	Direct
transaction	PLNHF	Common Shares	Tax liability	-$23.4K	-41.7K	-10.8%	$0.56	345K	May 25, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLNHF	Restricted Share Units	Other	$0	+209K		$0.00	209K	May 25, 2023	Common Shares	209K		Direct	F1, F2, F3
transaction	PLNHF	Restricted Share Units	Options Exercise	-$58.4K	-104K	-50%	$0.56	104K	May 25, 2023	Common Shares	104K	$0.56	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of Restricted Share Units ("RSU"). These RSUs were previously reported on Form 3, Table 1 as Common Shares with the vesting schedule provided in a footnote and are now being transferred from Table 1 to Table 2 on this Form 4 for ease of form preparation.
F2	Each RSU represents the right to receive one Common Share.
F3	The RSUs vest 1/2 on December 1, 2022 and 1/2 on December 1, 2023, subject to continued service through each vesting date.