Insider Trading February 2, 2026

Planet 13 VP of Operations Sells 25,000 Shares as Company Reports Q3 Revenue and Strategic Shift

Chris Wren disposed of a small block of stock as Planet 13 discloses a Q3 2025 revenue beat, an EPS miss and an exit from California operations

By Jordan Park PLNH
Planet 13 VP of Operations Sells 25,000 Shares as Company Reports Q3 Revenue and Strategic Shift
PLNH

Planet 13 Holdings Inc. reported insider selling by its VP of Operations and released third-quarter 2025 financial results that included $23.3 million in revenue and an EPS loss of $0.14. The company has announced a withdrawal from its California operations and expects the changes to contribute to stronger fourth-quarter performance, while no analyst rating changes have been disclosed.

Key Points

  • Insider sale: VP of Operations Chris Wren sold 25,000 shares on January 30, 2026, for $4,365 and retains 3,848,287 shares.
  • Quarterly results: Planet 13 reported Q3 2025 revenue of $23.3 million and EPS of -$0.14, missing market expectations.
  • Strategic shift: The company plans to exit its California operations and expects these changes to bolster Q4 2025 performance; no analyst rating changes have been reported.

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.

Risks

  • Earnings shortfall: The reported EPS of -$0.14 in Q3 2025 missed expectations, indicating continued profitability pressure - impacts cannabis sector and equity investors.
  • Operational uncertainty: The exit from California operations introduces execution risk around realizing the companys stated expectation of improved Q4 2025 performance - affects operational and regional market dynamics in the cannabis industry.
  • Lack of analyst movement: No upgrades or downgrades have been disclosed following the results and strategic changes, leaving investors with limited external guidance to assess the companys revised outlook - impacts capital markets participants following the OTCQX-listed stock.

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