Planet Labs (PL) co-founder gets PSU share award and uses shares for taxes

Rhea-AI Filing Summary

Planet Labs PBC co-founder and Chief Strategy Officer Robert H. Schingler reported equity compensation activity in Class A Common Stock. He acquired 32,394 shares on March 19, 2026 from the vesting of performance restricted stock units received in lieu of a cash bonus. The company then withheld 16,483 shares at $26.96 per share to cover tax liabilities; footnotes state no shares were sold on the market.

After these transactions, Schingler directly holds 992,933 shares and indirectly holds 330,171 shares through the Ulysses Trust 02021.1. He also has 851,339 RSUs outstanding that vest quarterly and each represent one additional share when delivered.

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

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

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)
03/19/2026

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	03/19/2026		A		32,394(1)	A	$0	1,009,416	D
Class A Common Stock	03/19/2026		F		16,483(2)	D	$26.96	992,933(3)	D
Class A Common Stock								330,171	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. Represents shares acquired upon the vesting of performance restricted stock units ("PSUs") that were received in lieu of the Reporting Person's cash bonus earned for the second half of fiscal year ending January 31, 2026 ("H2") under the Issuer's Amended & Restated Annual Cash Incentive Plan. The Reporting Person elected to convert such cash bonus into PSUs representing 125% of the earned cash bonus amount for H2.

2. 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 PSUs.

3. Includes 851,339 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.

	/s/LeeAnn Linck, Attorney-in-fact for: Robert H Schingler	03/23/2026
	** 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)

FAQ

What insider transaction did Planet Labs (PL) executive Robert Schingler report?

Robert Schingler reported equity compensation activity, not an open-market trade. He received 32,394 Planet Labs shares from vesting performance stock units tied to a cash bonus conversion, and 16,483 shares were withheld by the company to satisfy related tax obligations.

Did Robert Schingler sell any Planet Labs (PL) shares in this Form 4 filing?

No, the filing states no shares were sold by Robert Schingler. Instead, 16,483 shares of Class A Common Stock were withheld by Planet Labs to pay withholding taxes triggered by the vesting of performance restricted stock units.

How many Planet Labs (PL) shares does Robert Schingler hold after these transactions?

After the reported activity, Robert Schingler directly holds 992,933 Planet Labs Class A shares. He also indirectly holds 330,171 shares through the Ulysses Trust 02021.1, as disclosed in the holding entry for indirect ownership.

What performance restricted stock units (PSUs) did Robert Schingler receive from Planet Labs (PL)?

Schingler acquired 32,394 shares upon vesting of PSUs granted instead of a cash bonus for the second half of the fiscal year ending January 31, 2026. The footnote explains he elected PSUs equal to 125% of the earned cash bonus amount.

What are the RSUs mentioned in Robert Schingler’s Planet Labs (PL) Form 4?

The filing notes 851,339 RSUs outstanding for Robert Schingler. These restricted stock units vest in equal quarterly installments on March 15, June 15, September 15, and December 15, each representing a contingent right to receive one Planet Labs Class A share.

What is the Ulysses Trust 02021.1 noted in Robert Schingler’s Planet Labs (PL) filing?

The Form 4 shows an indirect holding of 330,171 Planet Labs Class A shares through the Ulysses Trust 02021.1, dated February 26, 2021. This entry reflects shares reported as indirectly owned, separate from Schingler’s directly held shares.