Planet Labs PBC (PL) reported that President & CFO Ashley F. Johnson restructured and partially sold holdings of Class A Common Stock.
Rhea-AI Filing Summary
Planet Labs PBC (PL) reported that President & CFO Ashley F. Johnson restructured and partially sold holdings of Class A Common Stock. On September 17, 2026, 72,096 shares were transferred from Johnson's direct ownership to the Johnson Joint Revocable Trust, and the trust sold 55,663 shares at a weighted average price of $16.9648 per share pursuant to a Rule 10b5-1 trading plan adopted on April 23, 2026.
On September 15, 2026, Johnson received 5,588 shares upon vesting of performance restricted stock units in lieu of her cash bonus for the first half of the fiscal year ending January 31, 2027, and the issuer withheld 3,071 shares and 84,873 shares at $16.02 per share to cover withholding tax liabilities upon PRSU and RSU vesting. A footnote states that Johnson also holds 977,670 RSUs that vest quarterly and represent a right to receive one share of Class A Common Stock each.
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Insights
Insider Trade Summary 10b5-1
Footnotes (7)
- F1. Represents shares acquired upon the vesting of performance restricted stock units ("PRSUs") that were received in lieu of the Reporting Person's cash bonus earned for the first half of fiscal year ending January 31, 2027 ("H1") under the Issuer's Amended & Restated Annual Cash Incentive Plan. The Reporting Person elected to convert such cash bonus into PRSUs representing 100% of the earned cash bonus amount for H1.
- F2. 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 performance restricted stock units ("PRSUs").
- F3. No shares were sold by the reporting person. The transaction disclosed represents shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs").
- F4. Includes 977,670 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.
- F5. This transaction involved a transfer of shares by the Reporting Person to Johnson Joint Revocable Trust, a revocable trust of which the Reporting Person and her spouse serve as trustees.
- F6. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 23, 2026.
- F7. The sales were executed in multiple trades at prices ranging from $16.28 to $17.26. 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.
Key Figures
Key Terms
performance restricted stock units ("PRSUs") financial
restricted stock units ("RSUs") financial
Rule 10b5-1 trading plan regulatory
withholding tax liability financial
revocable trust financial
FAQ
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What insider stock transactions did Planet Labs PBC (PL) disclose for Ashley F. Johnson?
Was the Planet Labs (PL) insider sale made under a Rule 10b5-1 trading plan?
What equity award did Ashley F. Johnson of Planet Labs (PL) receive instead of cash bonus?
What ongoing RSU holdings does Ashley F. Johnson have at Planet Labs (PL)?
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