PL Form 144 Shows Recent Warrant Sales Totaling 772K Units (~$1.54M)

Rhea-AI Filing Summary

Planet Labs PBC (PL) Form 144 notice: The filer intends to sell 42,916 warrants through Morgan Stanley Smith Barney (NYSE) with an aggregate market value of $139,369.71, with an approximate sale date of 09/29/2025. The warrants were acquired as Founder Stock on 03/05/2021 and payment at acquisition was cash. The filing discloses prior warrant sales by Isalea Investments LP totaling 772,291 warrants during Aug–Sep 2025 for gross proceeds of $1,536,598.88. There are 12,833,315 warrants outstanding, so the recent three‑month sales represent about 6.0% of outstanding warrants. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Positive

• None.

Negative

• Significant recent sales: 772,291 warrants sold in the past three months for $1,536,598.88, which is ~6.0% of the 12,833,315 warrants outstanding.
• Planned sale adds supply: The upcoming sale of 42,916 warrants (value $139,369.71) increases short‑term warrant supply and could affect market price if demand is limited.

Insights

Financial Analyst

TL;DR: A substantial block of warrants is being distributed and recent sales amount to ~6% of outstanding warrants, which could affect short‑term supply.

The filing shows a planned sale of 42,916 warrants (value $139,370) and earlier dispositions totaling 772,291 warrants for $1.54M. These figures are explicit in the notice and indicate active monetization by the holder(s). From a capital‑markets viewpoint, concentrated sell activity in a short period increases available supply of warrants and may put downward pressure on price if demand is limited. The warrants were originally acquired as founder stock on 03/05/2021, indicating these are not newly issued instruments.

Corporate Governance Expert

TL;DR: Disclosure appears complete for Rule 144 purposes; seller affirms no undisclosed material adverse information.

The Form 144 provides required details: class, broker (Morgan Stanley Smith Barney LLC), amounts, acquisition date and nature (Founder Stock), and recent sales by Isalea Investments LP. The seller signs the standard attestation about material information. The filing meets the procedural disclosure requirements; any governance interpretation should rely on other company disclosures for broader context.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Warrant	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	42916	139369.71	12833315	09/29/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Warrant	03/05/2021	Founder Stock	Issuer			42916	03/05/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ISALEA INVESTMENTS LP 645 Harrison Street Floor 4 SAN FRANCISCO CA 94107	Warrant	09/17/2025	170262	349633.02
ISALEA INVESTMENTS LP 645 Harrison Street Floor 4 SAN FRANCISCO CA 94107	Warrant	09/16/2025	422335	846021.47
ISALEA INVESTMENTS LP 645 Harrison Street Floor 4 SAN FRANCISCO CA 94107	Warrant	09/12/2025	169694	339727.39
ISALEA INVESTMENTS LP 645 Harrison Street Floor 4 SAN FRANCISCO CA 94107	Warrant	08/19/2025	10000	10217.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is being sold in the Planet Labs (PL) Form 144?

The notice covers the sale of warrants; specifically a planned sale of 42,916 warrants with an aggregate market value of $139,369.71.

Who is the broker handling the sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY.

When were the warrants acquired and how?

The warrants were acquired on 03/05/2021 as Founder Stock, with cash payment recorded at acquisition.

How much warrant volume was sold recently by the holder?

The filing shows prior sales by Isalea Investments LP totaling 772,291 warrants during Aug–Sep 2025, generating gross proceeds of $1,536,598.88.

What proportion of outstanding warrants were sold in the past three months?

Based on the filing, recent sales of 772,291 warrants represent approximately 6.0% of the 12,833,315 warrants outstanding.

Does the filer represent there is undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.