Michael Jennings - Mar 2, 2022 Form 3 Insider Report for Planet 13 Holdings Inc. (PLNH)

Role
Pres. of East Coast Operations
Signature
/s/ Michael Jennings
Stock symbol
PLNH
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
3
Date filed
3/11/2022, 03:15 PM
Next filing
May 20, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PLNH Common Shares 2.86M Mar 2, 2022 Direct F1, F2

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
holding PLNH Stock Option Mar 2, 2022 Common Shares 97.3K $1.04 Direct F2, F3, F4
holding PLNH Stock Option Mar 2, 2022 Common Shares 22.9K $3.45 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 25,000,000 common shares of Next Green Wave Holdings Inc. ("NGW") pursuant to the Arrangement Agreement between NGW and Planet 13 Holdings Inc. ("Planet 13") (the "Arrangement"). On March 2, 2022, the effective date of the Arrangement, the closing price of Planet 13's common shares on the Canadian Stock Exchange was C$3.34 per share.
F2 Received pursuant to Rule 16b-3(d).
F3 Fully vested on March 2, 2022.
F4 The exercise price reported above was converted from the Canadian exercise price of C$1.32 using an exchange rate of C$1.2668=US$1.00 on March 2, 2022.
F5 Fully vested on March 2, 2022.
F6 The exercise price reported above was converted from the Canadian exercise price of C$4.37 using an exchange rate of C$1.2668=US$1.00 on March 2, 2022.