Planet Labs holder plans sale of 52K shares
Planet Labs PBC (PL) received a notice that ULYSSES TRUST 02021.1 U/ADTD 02/26/2021 intends to sell common stock under Rule 144.
Rhea-AI Filing Summary
Planet Labs PBC (PL) received a notice that ULYSSES TRUST 02021.1 U/ADTD 02/26/2021 intends to sell common stock under Rule 144. The trust lists 52,240 common shares to be sold through Morgan Stanley Smith Barney LLC. Over the prior three months, the trust sold 89,593 shares for $2,322,223.68 in 10b5-1 transactions.
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Key Figures
Shares to be sold under Rule 144: 52,240 shares
Estimated value of shares to be sold: $836,884.80
Shares sold in prior 3 months: 89,593 shares
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6 metrics
Shares to be sold under Rule 144
52,240 shares
Common stock of Planet Labs PBC listed in the current notice
Estimated value of shares to be sold
$836,884.80
Associated with 52,240 Planet Labs PBC common shares in the Rule 144 notice
Shares sold in prior 3 months
89,593 shares
10b5-1 sales of Planet Labs PBC common stock on July 10, 2026
Proceeds from prior 3‑month sales
$2,322,223.68
Total consideration for 89,593 shares sold on July 10, 2026
Issuer phone number
4158293313
Contact number for Planet Labs PBC
Form 144 signature date
September 17, 2026
Date signed by /s/ Robert Schingler
Key Terms
Rule 144, Restricted Stock Units, 10b5-1
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 09/15/2026 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for ULYSSES TRUST 02021.1 U/ADTD 02/26/2021"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing mean for Planet Labs PBC (PL)?
The filing states that ULYSSES TRUST 02021.1 U/ADTD 02/26/2021 intends to sell 52,240 common shares of Planet Labs PBC under Rule 144, indicating a planned secondary sale by an existing holder rather than a new issuance by the company.
What prior Planet Labs (PL) sales did the trust report in the past 3 months?
The trust reported prior 10b5-1 sales of 89,593 common shares of Planet Labs PBC on July 10, 2026 for total proceeds of $2,322,223.68.
What type of Planet Labs (PL) securities are involved in this filing?
The filing involves common stock of Planet Labs PBC. The securities to be sold are tied to Restricted Stock Units with a listed date of September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.