Planet Labs (PL) director reports late-filed small stock trades in Form 4

Rhea-AI Filing Summary

Planet Labs PBC director Gary B. Smith reported small trades in Class A common stock. On 10/09/2025 he purchased 20 shares at $15.66 each, and on 11/11/2025 he sold 20 shares at $12.685 each. After these transactions, he beneficially owned 32,468 shares directly. The report notes it was filed late because the shares were held in an account managed independently and solely by his broker, so he became aware of the transactions only recently.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH GARY B

(Last) (First) (Middle)

C/O PLANET LABS PBC

645 HARRISON STREET, FLOOR 4

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Planet Labs PBC [ PL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/09/2025		P		20	A	$15.66	32,488	D
Class A Common Stock	11/11/2025		S		20	D	$12.685	32,468	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

This Form 4 is being filed late because the shares that are the subject of the transactions reported on this Form 4 were held in an account managed independently and solely by the Reporting Person's broker and, therefore, the Reporting Person did not become aware of the transaction until recently.

	By: /s/ LeeAnn Linck, Attorney-in-fact for: Gary B. Smith	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Gary B. Smith report for Planet Labs PBC (PL)?

Gary B. Smith reported two small trades in Planet Labs PBC Class A common stock: a purchase of 20 shares at $15.66 on October 9, 2025, and a sale of 20 shares at $12.685 on November 11, 2025, both held directly.

How many Planet Labs PBC (PL) shares does Gary B. Smith own after these trades?

After the reported transactions, Gary B. Smith beneficially owned 32,468 shares of Planet Labs PBC Class A common stock directly. This figure reflects his holdings immediately following the November 11, 2025 sale of 20 shares at $12.685 per share.

Were the Planet Labs PBC (PL) insider trades filed late with the SEC?

Yes. The filing states it was submitted late because the shares involved were held in an account managed independently and solely by the broker, and Gary B. Smith did not become aware of the transactions until recently, prompting the delayed reporting.

What was the price of Gary B. Smith’s Planet Labs PBC (PL) share purchase?

On October 9, 2025, Gary B. Smith bought 20 shares of Planet Labs PBC Class A common stock at $15.66 per share. This transaction increased his beneficial holdings to 32,488 shares directly immediately after that purchase, according to the Form 4 data.

At what price did Gary B. Smith sell Planet Labs PBC (PL) shares?

On November 11, 2025, he sold 20 shares of Planet Labs PBC Class A common stock at $12.685 per share. Following this small sale, his directly held beneficial ownership stood at 32,468 Class A shares, as reported in the insider transaction table.

What is Gary B. Smith’s role at Planet Labs PBC (PL)?

The filing identifies Gary B. Smith as a director of Planet Labs PBC. He is not listed as an officer or a 10% owner in this Form 4, which specifically marks the “Director” box and leaves the other relationship categories unchecked.