Planet Labs (PL) CFO details 85,403-share RSU tax withholding on Form 4 filing
Rhea-AI Filing Summary
Planet Labs PBC President & CFO Ashley F. Johnson reported an automatic equity transaction dated 12/15/2025.
The filing shows 85,403 shares of Class A Common Stock were disposed of at $18.05 per share under transaction code F, representing shares withheld by the company to pay withholding taxes triggered by the vesting of restricted stock units (RSUs), and no shares were sold by the insider. After this transaction, Johnson beneficially owned 2,029,311 shares, including 1,280,545 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December, each RSU corresponding to one share of Class A Common Stock with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 85,403 | $18.05 | $1.54M |
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 1,280,545 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 (PL) disclose in this Form 4?
The report shows that President & CFO Ashley F. Johnson had 85,403 shares of Planet Labs PBC Class A Common Stock disposed of on 12/15/2025 at $18.05 per share. The explanatory note clarifies these shares were withheld by the company to cover tax liabilities from RSU vesting, rather than sold in the market.
What restricted stock units (RSUs) are included in the Planet Labs (PL) Form 4?
The filing notes that the beneficial ownership figure includes 1,280,545 RSUs. Each RSU represents a contingent right to receive one share of Planet Labs PBC Class A Common Stock and has no expiration date.
What is the vesting schedule for the 1,280,545 Planet Labs (PL) RSUs?
The 1,280,545 RSUs vest in equal quarterly installments on the 15th of March, June, September and December. As they vest, each RSU converts into one share of Planet Labs PBC Class A Common Stock.
How is the Form 4 transaction for Planet Labs (PL) classified?
The transaction is coded as F in the Form 4. The accompanying explanation states that this represents shares of Class A Common Stock withheld by the issuer to pay withholding taxes arising from RSU vesting, rather than a discretionary sale by the insider.