Planet Labs PBC (NYSE: PL) director sells 37,107 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Planet Labs PBC director Kristen Robinson reported an open-market sale of 37,107 shares of Class A Common Stock at a weighted-average price of $25.0529 per share, executed under a Rule 10b5-1 trading plan. Additional “J” code entries record a non-priced transfer of 37,107 shares from her direct holdings to The Gary and Kristen Robinson Trust, a revocable trust where she and her spouse serve as trustees. After these transactions, she holds 260,004 shares indirectly through the trust and 6,479 shares directly.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary 10b5-1
Net Seller: 37,107 shares ($929,638)
Net Sell
3 txns
Insider
Robinson Kristen
Role
Director
Sold
37,107 shs ($930K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 37,107 | $0.00 | -- |
| Other | Class A Common Stock | 37,107 | $0.00 | -- |
| Sale | Class A Common Stock | 37,107 | $25.0529 | $930K |
Holdings After Transaction:
Class A Common Stock — 6,479 shares (Direct);
Class A Common Stock — 260,004 shares (Indirect, The Gary and Kristen Robinson Trust)
Footnotes (1)
- This transaction involved a transfer of shares by the Reporting Person to The Gary and Kristen Robinson Trust DTD 1/3/2007, a revocable trust of which the Reporting Person and her spouse serve as trustees. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 22, 2026. The sales were executed in multiple trades at prices ranging from $24.31 to $26.45. 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 sold: 37,107 shares
Average sale price: $25.0529 per share
Sale price range: $24.31–$26.45 per share
+4 more
7 metrics
Shares sold
37,107 shares
Open-market sale of Class A Common Stock on 2026-07-15
Average sale price
$25.0529 per share
Weighted-average price for the 37,107 shares sold
Sale price range
$24.31–$26.45 per share
Range of prices for multiple trades comprising the sale
Indirect holdings after transactions
260,004 shares
Indirectly held through The Gary and Kristen Robinson Trust after 2026-07-15
Direct holdings after transactions
6,479 shares
Directly held by Kristen Robinson after the reported transactions
Restructuring transfers
74,214 shares
Two J-code ‘other transactions’ reclassifying 37,107 shares each between direct and trust ownership
Net shares sold
37,107 shares
Net of buy and sell activity reported, as summarized in netBuySellShares
Key Terms
Rule 10b5-1 trading plan, open-market sale, revocable trust, weighted average sale price
4 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.
open-market sale market
"reported an open-market sale of 37,107 shares of Class A Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
revocable trust financial
"a revocable trust of which the Reporting Person and her 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.
weighted average sale price financial
"The price reported reflects the weighted average sale price"
FAQ
What insider transaction did Planet Labs (PL) director Kristen Robinson report?
Kristen Robinson reported an open-market sale of 37,107 Planet Labs Class A shares at a weighted-average price of $25.0529 per share, alongside internal “J” code transfers between her direct holdings and a revocable trust, all dated July 15, 2026.
What do the “J” code transactions mean in Kristen Robinson’s Planet Labs (PL) report?
The two “J” code entries each cover 37,107 shares classified as “other transactions.” They reflect a non-priced transfer of shares from Robinson’s direct ownership into The Gary and Kristen Robinson Trust, a revocable trust where she and her spouse serve as trustees.