Planet Labs director sells 11,500 shares in planned trade
Planet Labs PBC director Brennan Ita M reported an open-market sale of Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Planet Labs PBC director Brennan Ita M reported an open-market sale of Class A Common Stock. On July 1, 2026, he sold 11,500 shares at a weighted average price of $32.9978 per share in multiple trades under a pre-arranged Rule 10b5-1 trading plan adopted on January 14, 2026. After this sale, he directly holds 252,658 shares of Class A Common Stock, including 32,468 RSUs that vest in full on the earlier of the first anniversary of grant or the issuer's next annual stockholder meeting.
Insider Trade Summary 10b5-1
Net Seller: 11,500 shares
Net Sell
1 txn
Insider
Brennan Ita M
Role
Director
Sold
11,500 shs ($379K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,500 | $32.9978 | $379K |
Holdings After Transaction:
Class A Common Stock — 252,658 shares (Direct)
Footnotes (3)
- F1. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 14, 2026.
- F2. The sales were executed in multiple trades at prices ranging from $31.54 to $34.10. 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 32,468 RSUs which fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's next annual meeting of stockholders to occur following the grant. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
Key Figures
Shares sold: 11,500 shares
Average sale price: $32.9978 per share
Price range of sales: $31.54–$34.10 per share
+2 more
5 metrics
Shares sold
11,500 shares
Open-market sale on July 1, 2026
Average sale price
$32.9978 per share
Weighted average across multiple trades
Price range of sales
$31.54–$34.10 per share
Multiple trades on July 1, 2026
Shares held after transaction
252,658 shares
Direct Class A Common Stock holdings post-sale
RSUs included in holdings
32,468 RSUs
Vest on first anniversary of grant or next annual meeting
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, RSUs, contingent right, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported reflects the weighted average sale price"
RSUs financial
"Includes 32,468 RSUs which fully vest on the earlier of (i) the first anniversary"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock"
Class A Common Stock financial
"The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Planet Labs (PL) disclose for Brennan Ita M?
Planet Labs disclosed that director Brennan Ita M sold 11,500 shares of Class A Common Stock. The transaction was an open-market sale executed on July 1, 2026, at a weighted average price of $32.9978 per share, executed in multiple trades.
Was the Planet Labs (PL) insider sale done under a Rule 10b5-1 plan?
Yes. The sale by Brennan Ita M was executed under a pre-arranged Rule 10b5-1 trading plan. This plan was adopted on January 14, 2026, meaning the trades were scheduled in advance rather than timed discretionarily with short-term market movements.
What RSUs does Brennan Ita M hold at Planet Labs (PL)?
Brennan Ita M holds 32,468 restricted stock units (RSUs) linked to Planet Labs Class A Common Stock. These RSUs fully vest on the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting, then settle one share per unit.
Is the Planet Labs (PL) insider transaction a market purchase or sale?
The reported Planet Labs insider transaction is a sale, not a purchase. It is classified as an open-market sale of 11,500 Class A Common Stock shares, coded as an “S” transaction on Form 4 and described as a sale in open market or private transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
