Planet 13 enters separation agreement with former CAO Lee Fraser; $275K cash, RSU vesting

Planet 13 Holdings Inc.

Cash severance of $275,000 payable in 11 monthly installments of $25,000 each, starting after effective date.
COBRA premiums and vehicle allowance ($1,264.17/month) paid through February 28, 2027.
December 2025 RSU grant (333,000 units) vests on effective date; 2024 Performance RSU continues vesting through May 2028.
No post-employment non-competition restrictions; confidentiality and non-disparagement covenants apply.
Separation effective March 6, 2026; agreement signed April 27, 2026, filed on Form 8-K.

item 5.02item 9.01

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Departed

Lee Fraser

Chief Administrative Officer

PLNH · Planet 13 Holdings Inc.

Filed: May 15, 2026 21:18 UTC

On April 27, 2026, Planet 13 Holdings Inc. (the "Company") entered into a separation agreement with the Company’s former Chief Administrative Officer, Lee Fraser (the "Separation Agreement").

Source: SEC EDGAR

accession 0001437749-26-017439

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