[Form 4] Planet Labs PBC Insider Trading Activity
Planet Labs PBC insider William Spencer Marshall reported multiple equity changes on 09/15/2025. He acquired 36,586 shares of Class A common stock upon the vesting of performance restricted stock units that replaced his cash bonus for the first half of the fiscal year ending January 31, 2026. The filing shows two withholding transactions: 18,579 shares withheld for taxes related to PSU vesting and 121,897 shares withheld for taxes related to RSU vesting. After these transactions, he beneficially owns 3,356,387 shares of Class A common stock, including 2,309,686 RSUs that vest quarterly and carry a contingent right to one share each with no expiration.
William Spencer Marshall, insider di Planet Labs PBC, ha comunicato diverse variazioni azionarie il 15/09/2025. Ha acquisito 36,586 azioni ordinarie di Classe A al vesting di unità azionarie basate sulle prestazioni che avevano sostituito il suo bonus in contanti per la prima metà dell’esercizio fiscale che termina il 31 gennaio 2026. La comunicazione mostra due operazioni di ritenuta: 18,579 azioni trattenute per le tasse legate al vesting delle PSU e 121,897 azioni trattenute per le tasse legate al vesting delle RSU. Dopo queste operazioni, detiene beneficiariamente 3,356,387 azioni ordinarie di Classe A, inclusi 2,309,686 RSU che maturano trimestralmente e conferiscono un diritto condizionale a una azione ciascuna senza scadenza.
William Spencer Marshall, un directivo de Planet Labs PBC, reportó varios cambios en su capital el 15/09/2025. Adquirió 36,586 acciones ordinarias de Clase A con la vesting de unidades de acciones por desempeño que reemplazaron su bono en efectivo para la primera mitad del año fiscal que termina el 31 de enero de 2026. El archivo muestra dos operaciones de retención: 18,579 acciones retenidas para impuestos relacionados con el vesting de PSU y 121,897 acciones retenidas para impuestos relacionados con el vesting de RSU. Tras estas operaciones, posee beneficiosamente 3,356,387 acciones ordinarias de Clase A, incluyendo 2,309,686 RSU que vencen trimestralmente y con derecho contingente a una acción cada una, sin caducidad.
Planet Labs PBC의 내부자 윌리엄 스펜서 마샬은 2025년 9월 15일에 여러 주식 지분 변동을 보고했습니다. 성과 주식단위(PSU) 가속 vesting으로 현금 보너스를 대체한 후 36,586주를 취득했습니다. 공시에는 두 건의 원천징수 거래가 표시됩니다: PSU vesting과 관련된 세금으로 18,579주, RSU vesting과 관련된 세금으로 121,897주가 원천징수되었습니다. 이 거래 후 그는 3,356,387주를 실제로 소유하며, 분기별로 vesting되는 2,309,686주의 RSU가 포함되어 있고 각 RSU마다 한 주의 조건부 권리가 있으며 만료일이 없습니다.
William Spencer Marshall, responsable chez Planet Labs PBC, a signalé plusieurs modifications de son capital le 15/09/2025. Il a acquis 36 586 actions ordinaires de classe A au vesting d’unités d’actions de performance qui avaient remplacé son bonus en espèces pour la première moitié de l’exercice fiscal se terminant le 31 janvier 2026. Le dossier indique deux opérations de retenue: 18 579 actions retenues pour les impôts liés au vesting des PSU et 121 897 actions retenues pour les impôts liés au vesting des RSU. Après ces transactions, il détient avantageusement 3 356 387 actions ordinaires de classe A, y compris 2 309 686 RSU qui se vestent trimestriellement et confèrent le droit conditionnel à une action chacun sans expiration.
Planet Labs PBC-Insider William Spencer Marshall meldete am 15.09.2025 mehrere Änderungen seines Eigenkapitals. Er erwarb 36.586 Class-A-Stammaktien im Rahmen des Vestings von leistungsabhängigen Aktieneinheiten, die seinen Bargeldbonus für das erste Halbjahr des Geschäftsjahres bis zum 31. Januar 2026 ersetzt hatten. Die Einreichung weist zwei einbehaltene Transaktionen aus: 18.579 Aktien, die im Zusammenhang mit dem PSU-Vesting für Steuern einbehalten wurden, und 121.897 Aktien, die im Zusammenhang mit dem RSU-Vesting für Steuern einbehalten wurden. Nach diesen Transaktionen besitzt er wirtschaftlich 3.356.387 Class-A-Stammaktien, einschließlich 2.309.686 RSU, die vierteljährlich vesten und das bedingte Recht auf eine Aktie je RSU ohne Verfallsdatum gewähren.
أبلغ وليام سبنسر مارشال، المطلع في Planet Labs PBC، عن عدة تغييرات في الأسهم في 15/09/2025. اشترى 36,586 سهماً عاديّاً من الفئة A عند استحقاق وحدات أسهم الأداء التي حلت محل مكافأته النقدية للنصف الأول من السنة المالية المنتهية في 31 يناير 2026. يظهر الملف وجود عمليتي حجز للضرائب: 18,579 سهماً محجوزة للضرائب المرتبطة باستحقاق PSU و< b>121,897 سهماً محجوزة للضرائب المرتبطة باستحقاق RSU. بعد هذه المعاملات، يمتلك فعلياً 3,356,387 سهماً من الفئة A، بما في ذلك 2,309,686 RSU تستحق رُبعياً وتمنح حقاً شرطياً في سهم واحد عن كل RSU بلا تاريخ انتهاء.
Planet Labs PBC 内部人士 William Spencer Marshall 在 2025 年 9 月 15 日报告了多项股权变动。 他在绩效股票单位（PSU）归属后，取得了 36,586 股 A 类普通股，此前这些单位已替代他截至 2026 年 1 月 31 日止上半年度的现金奖金。备案显示两笔预扣交易：用于 PSU 归属的税款扣留 18,579 股，以及用于 RSU 归属的税款扣留 121,897 股。在这些交易之后，他实际持有 3,356,387 股 A 类普通股，其中包含 2,309,686 股 RSU 将按季度归属，且每股 RSU 赋予持有者一个条件性股票的权利，且没有到期日。
- Conversion of earned cash bonus into PSUs indicates alignment of executive compensation with equity ownership
- No open-market sales reported; withheld shares were tax-related rather than disposals to third parties
- Large RSU balance (2,309,686) provides continued alignment through scheduled vesting
- Significant number of shares withheld for taxes (140,476 total) reduces the reporting person’s immediate transferable share count
- Vesting-related issuances increase outstanding beneficial ownership which may incrementally affect outstanding share count
Insights
TL;DR: Insider received equity through earned compensation; part of shares were withheld to satisfy tax obligations, net ownership remains sizable.
The Form 4 discloses standard compensation-related equity activity rather than open-market purchases or sales. The reporting person converted an earned cash bonus into PSUs and received 36,586 shares on vesting. The issuer withheld 18,579 and 121,897 shares to cover tax liabilities from PSU and RSU vesting respectively. The filing also confirms a large unvested RSU balance of 2,309,686 that vests quarterly and represents contingent rights to Class A shares with no expiration date. This is routine executive compensation reporting and does not show disposals to third parties or market sales.
TL;DR: Transactions reflect compensation mechanics and tax withholding, with no indication of voluntary share sales by the insider.
The disclosure identifies the reporting person as Co-Founder and CEO and shows equity movements tied to the company’s incentive plan and vesting schedules. The conversion of a cash bonus into PSUs and the subsequent vesting are consistent with long-term incentive alignment. The withholding of shares to satisfy tax obligations is explicitly recorded as issuer-withheld shares rather than open-market dispositions. The filing also lists the reporting person’s significant RSU holdings that vest quarterly and have no expiration, which is material to understanding future issuance timing.
William Spencer Marshall, insider di Planet Labs PBC, ha comunicato diverse variazioni azionarie il 15/09/2025. Ha acquisito 36,586 azioni ordinarie di Classe A al vesting di unità azionarie basate sulle prestazioni che avevano sostituito il suo bonus in contanti per la prima metà dell’esercizio fiscale che termina il 31 gennaio 2026. La comunicazione mostra due operazioni di ritenuta: 18,579 azioni trattenute per le tasse legate al vesting delle PSU e 121,897 azioni trattenute per le tasse legate al vesting delle RSU. Dopo queste operazioni, detiene beneficiariamente 3,356,387 azioni ordinarie di Classe A, inclusi 2,309,686 RSU che maturano trimestralmente e conferiscono un diritto condizionale a una azione ciascuna senza scadenza.
William Spencer Marshall, un directivo de Planet Labs PBC, reportó varios cambios en su capital el 15/09/2025. Adquirió 36,586 acciones ordinarias de Clase A con la vesting de unidades de acciones por desempeño que reemplazaron su bono en efectivo para la primera mitad del año fiscal que termina el 31 de enero de 2026. El archivo muestra dos operaciones de retención: 18,579 acciones retenidas para impuestos relacionados con el vesting de PSU y 121,897 acciones retenidas para impuestos relacionados con el vesting de RSU. Tras estas operaciones, posee beneficiosamente 3,356,387 acciones ordinarias de Clase A, incluyendo 2,309,686 RSU que vencen trimestralmente y con derecho contingente a una acción cada una, sin caducidad.
Planet Labs PBC의 내부자 윌리엄 스펜서 마샬은 2025년 9월 15일에 여러 주식 지분 변동을 보고했습니다. 성과 주식단위(PSU) 가속 vesting으로 현금 보너스를 대체한 후 36,586주를 취득했습니다. 공시에는 두 건의 원천징수 거래가 표시됩니다: PSU vesting과 관련된 세금으로 18,579주, RSU vesting과 관련된 세금으로 121,897주가 원천징수되었습니다. 이 거래 후 그는 3,356,387주를 실제로 소유하며, 분기별로 vesting되는 2,309,686주의 RSU가 포함되어 있고 각 RSU마다 한 주의 조건부 권리가 있으며 만료일이 없습니다.
William Spencer Marshall, responsable chez Planet Labs PBC, a signalé plusieurs modifications de son capital le 15/09/2025. Il a acquis 36 586 actions ordinaires de classe A au vesting d’unités d’actions de performance qui avaient remplacé son bonus en espèces pour la première moitié de l’exercice fiscal se terminant le 31 janvier 2026. Le dossier indique deux opérations de retenue: 18 579 actions retenues pour les impôts liés au vesting des PSU et 121 897 actions retenues pour les impôts liés au vesting des RSU. Après ces transactions, il détient avantageusement 3 356 387 actions ordinaires de classe A, y compris 2 309 686 RSU qui se vestent trimestriellement et confèrent le droit conditionnel à une action chacun sans expiration.
Planet Labs PBC-Insider William Spencer Marshall meldete am 15.09.2025 mehrere Änderungen seines Eigenkapitals. Er erwarb 36.586 Class-A-Stammaktien im Rahmen des Vestings von leistungsabhängigen Aktieneinheiten, die seinen Bargeldbonus für das erste Halbjahr des Geschäftsjahres bis zum 31. Januar 2026 ersetzt hatten. Die Einreichung weist zwei einbehaltene Transaktionen aus: 18.579 Aktien, die im Zusammenhang mit dem PSU-Vesting für Steuern einbehalten wurden, und 121.897 Aktien, die im Zusammenhang mit dem RSU-Vesting für Steuern einbehalten wurden. Nach diesen Transaktionen besitzt er wirtschaftlich 3.356.387 Class-A-Stammaktien, einschließlich 2.309.686 RSU, die vierteljährlich vesten und das bedingte Recht auf eine Aktie je RSU ohne Verfallsdatum gewähren.
FAQ
What transactions did William Spencer Marshall report on Form 4 for PL on 09/15/2025?
How many Class A shares does the reporting person beneficially own after the transactions?
What portion of the reporting person’s holdings are unvested RSUs?
Were any shares sold by the reporting person in these transactions?
Why were PSUs issued instead of a cash bonus?
