Planet 13 Holdings Inc. (OTCQX:PLNH) confirmed an insider transaction carried out by its VP of Operations, Chris Wren. According to a Form 4 filed with the Securities and Exchange Commission, Wren sold 25,000 shares of the companys common stock on January 30, 2026, at a per-share price of $0.1746, bringing the total proceeds of the trade to $4,365.
Following that sale, Wren's direct holdings in Planet 13 amount to 3,848,287 shares. The filing provides a clear record of the disposition but does not include commentary from Wren or the company about the rationale for the sale.
Separately, Planet 13 reported its financial results for the third quarter of fiscal 2025. The company recorded revenue of $23.3 million for the quarter, while earnings per share (EPS) were reported at a loss of $0.14, a result that fell short of market expectations. The company has acknowledged the missed EPS figure in its reporting.
Planet 13 has also disclosed a notable operational change: the company is exiting its California operations. Management has framed this move as part of a broader set of strategic adjustments that the company expects will contribute to improved performance in the fourth quarter of 2025.
The companys disclosures do not indicate any analyst upgrades or downgrades tied to the recent earnings release and strategic announcement. Market participants and shareholders therefore do not yet have additional third-party guidance changes to weigh against the companys operating plans.
Investors and observers will be watching how the operational changes and the companies expectation of improved fourth-quarter results translate into measurable financial outcomes. The filing documenting the insider sale and the quarterly results together provide an updated data point set for assessing Planet 13's near-term trajectory.
Clear summary
- VP of Operations Chris Wren sold 25,000 Planet 13 shares on January 30, 2026, at $0.1746 per share, totaling $4,365; he now directly holds 3,848,287 shares.
- Planet 13's third-quarter 2025 revenue was $23.3 million with EPS of -$0.14, which missed expectations.
- The company is exiting its California operations and expects these changes to help improve fourth-quarter 2025 performance; no analyst rating changes have been announced.
Contextual note: The article reports the filings and company disclosures as stated; it does not include commentary beyond the information provided in those documents.