William Spencer Marshall - Oct 13, 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
Oct 13, 2025
Transactions value $
-$3,099,320
Form type
4
Date filed
10/15/2025, 04:52 PM
Previous filing
Sep 16, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Marshall William Spencer Co-Founder and CEO, Director C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO /s/ LeeAnn Linck, Attorney-in-fact for: William Spencer Marshall 2025-10-15 0001898468

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Sale -$3.1M -200K -5.96% $15.50 3.16M Oct 13, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 12, 2025.
F2 The sales were executed in multiple trades at prices ranging from $15.16 to $15.93. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 Includes 2,309,686 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.