Planet Labs director trust sells 52K shares

Planet Labs PBC co-founder Robert H. Schingler reported tax-withholding, a trust transfer, and a planned trust share sale executed under a Rule 10b5-1 plan.

Rhea-AI Filing Summary

Planet Labs PBC (PL) director and officer Robert H. Schingler reported several equity-related transactions involving Class A Common Stock. On September 15, 2026, 54,117 shares were withheld by the issuer at $16.02 per share to satisfy withholding tax upon vesting of RSUs, with no shares sold by Schingler. On September 17, 2026, he transferred 52,240 shares from direct ownership to the Ulysses Trust 02021.1, a revocable trust for which he and his spouse are trustees, and that same trust sold 52,240 shares at a weighted average price of $16.9645 per share under a Rule 10b5-1 trading plan adopted on April 23, 2026. Footnotes indicate that 638,627 RSUs remain outstanding, vesting in equal quarterly installments on March 15, June 15, September 15 and December 15.

Insider Trade Summary 10b5-1

Net Seller: 52,240 shares

Net Sell 4 txns

Insider Schingler Robert H

Role Co-Founder Chief Strategy Off.

Sold 52,240 shs ($886K)

Type	Security	Shares	Price	Value
Other	Class A Common Stock F3	52,240	$0.00	$0.00
Other	Class A Common Stock F3	52,240	$0.00	$0.00
Sale	Class A Common Stock F4, F5	52,240	$16.9645	$886K
Tax Withholding	Class A Common Stock F1, F2	54,117	$16.02	$867K

Holdings After Transaction: Class A Common Stock — 719,184 shares (Direct); Class A Common Stock — 170,171 shares (Indirect, Ulysses Trust 02021.1, Dated February 26, 2021)

Footnotes (5)

1. F1. 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").
2. F2. Includes 638,627 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.
3. F3. This transaction involved a transfer of shares by the Reporting Person to Ulysses Trust, a revocable trust of which the Reporting Person and his spouse serve as trustees.
4. F4. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 23, 2026.
5. F5. The sales were executed in multiple trades at prices ranging from $16.29 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

Shares withheld for tax: 54,117 shares Tax withholding price: $16.02 per share Shares transferred to trust: 52,240 shares +3 more

6 metrics

Shares withheld for tax 54,117 shares Shares of Class A Common Stock withheld on September 15, 2026 to satisfy RSU withholding tax liability

Tax withholding price $16.02 per share Price used for 54,117 shares withheld for RSU-related tax on September 15, 2026

Shares transferred to trust 52,240 shares Class A shares transferred by Schingler to Ulysses Trust 02021.1 on September 17, 2026

Shares sold by trust 52,240 shares Class A shares sold by Ulysses Trust 02021.1 on September 17, 2026

Weighted average sale price $16.9645 per share Weighted average price for trust’s sale of 52,240 shares, trades from $16.29 to $17.26

RSUs outstanding 638,627 RSUs Restricted stock units held by Schingler, vesting quarterly on March 15, June 15, September 15 and December 15

Key Terms

restricted stock units, withholding tax liability, revocable trust, Rule 10b5-1 trading plan

4 terms

restricted stock units financial

"Includes 638,627 RSUs that vest in equal quarterly installments"

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.

withholding tax liability financial

"shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability"

revocable trust financial

"Ulysses Trust, a revocable trust of which the Reporting Person and his spouse serve as trustees"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Rule 10b5-1 trading plan regulatory

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did PL director Robert H. Schingler report on this Form 4?

He reported 54,117 shares withheld for taxes on RSU vesting, a transfer of 52,240 shares to a revocable trust, and that trust’s sale of 52,240 shares of Class A Common Stock in market transactions.

At what prices were the Planet Labs (PL) shares sold by the Ulysses Trust?

The Ulysses Trust sold 52,240 shares at a weighted average price of $16.9645 per share, with trades executed in a price range from $16.29 to $17.26 per share.

Were any Planet Labs (PL) shares sold directly by Robert H. Schingler in this filing?

According to a footnote, no shares were sold by Robert H. Schingler directly. The 54,117-share transaction reflects shares withheld by Planet Labs to pay RSU-related withholding tax, and the open-market sale was executed by a revocable trust.

What RSU position does Robert H. Schingler report in Planet Labs (PL)?

He reports holding 638,627 restricted stock units (RSUs), which vest in equal quarterly installments on the 15th of March, June, September and December. Each RSU represents a contingent right to receive one share of Class A Common Stock.

Was the Planet Labs (PL) trust share sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sale by the Ulysses Trust was executed pursuant to a Rule 10b5-1 trading plan adopted by Robert H. Schingler on April 23, 2026, and the Form 4 indicates the Rule 10b5-1 checkbox is affirmed.

What is the Ulysses Trust mentioned in the Planet Labs (PL) Form 4?

The Ulysses Trust 02021.1 is described as a revocable trust for which Robert H. Schingler and his spouse serve as trustees. Shares were transferred from his direct ownership to this trust before the reported sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 06:17 PM Accepted by SEC EDGAR 09/17/2026 - 06:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Schingler Robert H

(Last) (First) (Middle)

C/O PLANET LABS PBC

645 HARRISON STREET, FLOOR 4

(Street)

SAN FRANCISCO CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Planet Labs PBC [ PL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Founder Chief Strategy Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2026		F		54,117(1)	D	$16.02	771,424(2)	D
Class A Common Stock	09/17/2026		J(3)		52,240	D	$0.00	719,184	D
Class A Common Stock	09/17/2026		J(3)		52,240	A	$0.00	222,411	I	Ulysses Trust 02021.1, Dated February 26, 2021
Class A Common Stock	09/17/2026		S		52,240(4)	D	$16.9645(5)	170,171	I	Ulysses Trust 02021.1, Dated February 26, 2021

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. Includes 638,627 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.

3. This transaction involved a transfer of shares by the Reporting Person to Ulysses Trust, a revocable trust of which the Reporting Person and his spouse serve as trustees.

4. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 23, 2026.

5. The sales were executed in multiple trades at prices ranging from $16.29 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.

	/s/LeeAnn Linck, Attorney-in-fact for: Robert H Schingler	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)