Planet Labs (PL) director granted over 8,600 RSUs in latest Form 4 filing

Rhea-AI Filing Summary

SMITH GARY B reported acquisition or exercise transactions in this Form 4 filing.

Planet Labs PBC director Gary B. Smith reported equity compensation awards of Class A Common Stock in the form of restricted stock units (RSUs). On July 9, 2026, he was granted 2,160 RSUs that vest in equal quarterly installments on the 15th of September, December, March, and June, each RSU representing one share with no expiration date. He was also granted 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 reported post-transaction direct holdings in the two line items were 41,107 and 38,947 Class A shares (including RSUs).

Insights

Equity Compensation Analyst

Director received routine RSU grants as equity compensation, not open-market buying.

Gary B. Smith, a director of Planet Labs PBC, acquired equity through two A-code transactions, which represent grants or awards rather than market purchases. He received 2,160 RSUs vesting quarterly and 6,479 RSUs that cliff vest on a time- and meeting-based schedule.

These awards align his compensation with shareholder outcomes by tying part of his pay to future share value and continued service. Because there was no cash price and no open-market trading, the filing mainly reflects standard board compensation structure rather than a directional bet on the stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SMITH GARY B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,479	$0.00	--
Grant/Award	Class A Common Stock	2,160	$0.00	--

Holdings After Transaction: Class A Common Stock — 38,947 shares (Direct, null)

Footnotes (1)

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 2,160 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) 2,160 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.

Key Figures

RSUs granted (quarterly vesting): 2,160 RSUs RSUs granted (cliff vesting): 6,479 RSUs Price per share for grants: $0.0000 +2 more

5 metrics

RSUs granted (quarterly vesting) 2,160 RSUs Director award vesting in equal quarterly installments on the 15th of September, December, March and June

RSUs granted (cliff vesting) 6,479 RSUs Director award fully vesting on earlier of first anniversary or next annual stockholder meeting

Price per share for grants $0.0000 Equity compensation awards with no cash price per share

Holdings after transaction (line item 1) 41,107 shares Direct Class A Common Stock holdings reported after one RSU award

Holdings after transaction (line item 2) 38,947 shares Direct Class A Common Stock holdings reported after the other RSU award

Key Terms

restricted stock units, Class A Common Stock, continuous service, cliff vest

4 terms

restricted stock units financial

"Includes 6,479 restricted stock units, each of which represent a contingent right"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Common Stock financial

"Each of which represent a contingent right to receive one share of issuer's Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

continuous service financial

"in either case, subject to continuous service through the vesting date"

cliff vest financial

"RSUs will fully vest on the earlier of (i) the first anniversary of the grant"

A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 04:22 PM Accepted by SEC EDGAR 07/10/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What insider transaction did Planet Labs (PL) director Gary B. Smith report?

Director Gary B. Smith reported two grant/award acquisitions of Class A Common Stock in the form of restricted stock units (RSUs) on July 9, 2026, with no cash paid per share.

How many restricted stock units did Gary B. Smith receive in the latest Planet Labs (PL) Form 4?

He received 2,160 RSUs in one award and 6,479 RSUs in another. Each RSU represents a contingent right to receive one share of Planet Labs Class A Common Stock.

What are the vesting terms for the 2,160 RSUs reported by Planet Labs (PL)?

The 2,160 RSUs vest in equal quarterly installments on the 15th of September, December, March, and June, subject to continuous service, and each RSU converts into one Class A share.

When do the 6,479 RSUs reported by Planet Labs (PL) fully vest?

The 6,479 RSUs fully vest on the earlier of the first anniversary of the grant or the date of Planet Labs’ next annual stockholder meeting, assuming continuous service until vesting.

How many Planet Labs (PL) shares did Gary B. Smith hold after these RSU awards?

Post-transaction direct holdings were reported as 41,107 shares in one line item and 38,947 shares in another, each figure including the related RSUs described in the footnotes.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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

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

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

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	07/09/2026		A		6,479(1)	A	$0	38,947	D
Class A Common Stock	07/09/2026		A		2,160(2)	A	$0	41,107(3)	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:

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.

2. Includes 2,160 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.

3. Includes (a) 2,160 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.

	By: /s/ LeeAnn Linck, Attorney-in-fact for: Gary B. Smith	07/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)