Note 11 - Share Based Compensation |
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| Share-Based Payment Arrangement [Text Block] |
At the 2023 Annual General and Special Meeting, the shareholders of Planet 13 voted to approve and adopt the 2023 Equity Plan, which was contingent upon the completion of the Company's domestication, and became effective on September 15, 2023. As of September 15, 2023, the Company may not grant any new awards under the Planet 13 Holdings Inc. 2018 Stock Option Plan and Planet 13 Holdings Inc. 2018 Share Unit Plan (collectively, the “Prior Plans”), and the Prior Plans will continue to govern awards previously granted under them.
On July 22, 2025, the Company authorized an additional 10,000,000 reserve shares for a total of 32,000,000 shares of Common Stock are available for grants under the 2023 Equity Plan and all other security based compensation arrangements of the Company, including the Prior Plans (the “Total Share Reserve”). As of March 31, 2026, a maximum number of 5,657,319 shares of Common Stock are available for issuance under the 2023 Equity Plan, subject to adjustment pursuant to the terms of the 2023 Equity Plan.
(a) Stock Options
During the three months ended March 31, 2026 and the year ended December 31, 2025
No incentive stock options were granted during the three months ended March 31, 2026 or the year ended December 31, 2025.
The following table summarizes information about stock options outstanding at March 31, 2026:
The following table reflects the continuity of stock options for the period presented:
Share based compensation expense attributable to employee options was $0 and $0 for the three months ended March 31, 2026 and 2025, respectively.
The total intrinsic value of stock options exercised, outstanding and exercisable as of March 31, 2026 and December 31, 2025 was $0 and $0, respectively.
(a) Restricted Share Units
The following table summarizes the RSUs that are outstanding as at March 31, 2026 and December 31, 2025:
The Company recognized $694,263 in share-based compensation expense attributable to the RSU vesting schedule for the three months ended March 31, 2026 ($60,331 for the three months ended March 31, 2025).
During the three months ended March 31, 2026
RSU's were granted, 2,599,998 RSUs vested and were exercised, 904,378 RSUs were forfeited and cancelled. The Company did receive any cash proceeds from the settlement of the RSUs.
During the three months ended March 31, 2025
100,000 RSU's were granted, vested and were exercised. The Company did receive any cash proceeds from the settlement of the RSUs.
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