William Spencer Marshall - Mar 20, 2025 Form 4 Insider Report for Planet Labs PBC (PL)

Role
Co-Founder and CEO, Director
Signature
/s/ LeeAnn Linck, Attorney-in-fact for: William Spencer Marshall
Stock symbol
PL
Transactions as of
Mar 20, 2025
Transactions value $
-$321,706
Form type
4
Date filed
3/21/2025, 04:46 PM
Previous filing
Mar 17, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award $0 +167K +4.52% $0.00 3.85M Mar 20, 2025 Direct F1, F2
transaction PL Class A Common Stock Tax liability -$322K -75.9K -1.97% $4.24 3.78M Mar 20, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Issuer's Class A Common Stock acquired upon the vesting of performance restricted stock units ("PSUs") that were received in lieu of the reporting person's cash bonus earned for the second half of fiscal year ending January 31, 2025 ("H2") under the Issuer's Amended & Restated Annual Cash Incentive Plan. The reporting person elected to convert such cash bonus into PSUs representing 100% of the earned cash bonus amount for H2.
F2 Includes 2,789,776 restricted stock units ("RSUs") that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of Issuer's Class A Common Stock each and have no expiration date.
F3 No shares were sold by the reporting person. This transaction represents shares of issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of PSUs.