Planet Labs PBC (PL) insider logs RSU tax share withholding event in 2025
Rhea-AI Filing Summary
Planet Labs PBC co-founder, Chief Strategy Officer and director Robert H. Schingler reported a tax-related share withholding tied to restricted stock units. On 12/15/2025, the company withheld 50,332 shares of Class A Common Stock at $18.05 per share to cover withholding taxes due upon RSU vesting; no shares were sold by the insider.
After this transaction, Schingler beneficially owns 1,238,511 Class A shares, including 834,558 RSUs. These RSUs vest in equal quarterly installments on the 15th of March, June, September and December, each representing a contingent right to receive one share of Class A Common Stock with no expiration date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 50,332 | $18.05 | $908K |
Footnotes (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"). Includes 834,558 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.
FAQ
What insider transaction did Planet Labs PBC (PL) report in this filing?
The filing reports that 50,332 shares of Planet Labs PBC Class A Common Stock were withheld by the company at $18.05 per share on 12/15/2025 to satisfy the reporting person’s tax withholding obligations upon RSU vesting, and that no shares were sold by the insider.
Who is the reporting person in the Planet Labs PBC (PL) insider transaction?
The reporting person is Robert H. Schingler, who serves as a Director and as an Officer of Planet Labs PBC with the title Co-Founder Chief Strategy Off.
What is the vesting schedule of the RSUs in this Planet Labs PBC (PL) filing?
The filing states that 834,558 RSUs 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 Planet Labs PBC Class A Common Stock and has no expiration date.
Was the Planet Labs PBC (PL) insider transaction an open-market sale?
No. The filing explains that no shares were sold by the reporting person. Instead, the reported transaction reflects shares of Class A Common Stock that were withheld by the issuer to pay withholding taxes due on RSU vesting.
What type of security is involved in this Planet Labs PBC (PL) insider transaction?
The transaction involves Class A Common Stock of Planet Labs PBC, including shares underlying the reporting person’s restricted stock units (RSUs).