Planet Labs (PL) director Carl Bass receives new RSU grants and holds 406,545 shares
Rhea-AI Filing Summary
BASS CARL reported acquisition or exercise transactions in this Form 4 filing.
Planet Labs PBC director Carl Bass reported equity awards of Class A Common Stock. He received grants totaling 2,880 and 6,479 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock. After these awards, his direct holdings were reported at 406,545 shares, including both vested shares and the newly granted RSUs subject to future vesting conditions.
Positive
- None.
Negative
- None.
Insights
Director Carl Bass received routine RSU grants as part of equity compensation.
Director Carl Bass acquired equity in Planet Labs PBC through two awards of Class A Common Stock RSUs. One award covers 6,479 RSUs that fully vest on the earlier of the first anniversary of the grant or the next annual stockholder meeting, subject to continuous service.
The other award covers 2,880 RSUs vesting in equal quarterly installments on the 15th of September, December, March and June. Each RSU represents a contingent right to receive one share of Class A Common Stock and has no expiration date. Following these grants, Bass directly holds 406,545 shares, indicating continued equity alignment with shareholders, while the awards themselves are standard board compensation rather than open-market purchases.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,479 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,880 | $0.00 | -- |
Footnotes (1)
- Includes 6,479 restricted stock units, each of which represent a contingent right to receive one share of issuer's Class A Common Stock ("RSUs"). The RSUs will fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the Issuer's next annual meeting of stockholders to occur following the grant, in either case, subject to continuous service through the vesting date. Includes 2,880 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date. Includes (a) 2,880 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June; and (b) 6,479 RSUs which fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's next annual meeting of stockholders to occur following the grant. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.