• Planet 13 entered a separation agreement on April 27, 2026 with former Chief Administrative Officer Lee Fraser.
• Deal sets out his exit terms, including continued vehicle allowance, continued health coverage through Feb. 28, 2027, and partial continued vesting of previously granted restricted stock unit awards.
• Any then-unvested equity awards would vest in full if a change of control occurs, based on applicable plan or award terms.
• Agreement includes release of claims, cooperation obligations, confidentiality, and non-disparagement provisions.
• No post-employment non-compete restrictions apply under separation terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet 13 Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-017439), on May 15, 2026, and is solely responsible for the information contained therein.