What does the 54,116-share tax withholding mean for Planet Labs (PL) investors?

The 54,116-share withholding represents Planet Labs retaining shares to cover Schingler’s RSU-related tax liability. It is a non-market disposition typical of stock-based compensation, not a sale indicating a change in his investment view.

Planet Labs (PL) co-founder has 54,116 shares withheld for RSU taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Planet Labs PBC co-founder and chief strategy officer Robert H. Schingler reported a routine tax-related share disposition. On the RSU vesting date, 54,116 shares of Class A Common Stock were withheld by the company at $30.58 per share to cover withholding tax liability, and no shares were sold in the market. Following this, Schingler directly holds 890,134 shares of Class A Common Stock and indirectly holds 250,171 shares through the Ulysses Trust 02021.1. Footnotes also indicate 744,984 restricted stock units that vest in equal quarterly installments, each RSU representing a right to receive one share.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Schingler Robert H

Role Co-Founder Chief Strategy Off.

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	54,116	$30.58	$1.65M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 890,134 shares (Direct, null); Class A Common Stock — 250,171 shares (Indirect, Ulysses Trust 02021.1, Dated February 26, 2021)

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 744,984 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.

Key Figures

Shares withheld for taxes: 54,116 shares Withholding price: $30.58 per share Direct holdings after transaction: 890,134 shares +2 more

5 metrics

Shares withheld for taxes 54,116 shares Class A shares withheld for RSU tax liability at $30.58

Withholding price $30.58 per share Price used for RSU-related tax withholding on Class A shares

Direct holdings after transaction 890,134 shares Planet Labs Class A Common Stock directly held by Schingler

Indirect holdings via trust 250,171 shares Class A shares held through Ulysses Trust 02021.1

Unvested RSUs outstanding 744,984 RSUs RSUs vesting quarterly on March 15, June 15, September 15, December 15

Key Terms

restricted stock units ("RSUs"), withholding tax liability, indirect ownership, tax-withholding disposition

4 terms

restricted stock units ("RSUs") financial

"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")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

withholding tax liability financial

"withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units"

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "Ulysses Trust 02021.1, Dated February 26, 2021""

tax-withholding disposition financial

""transaction_action": "tax-withholding disposition", "transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 07:05 PM

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^*

Schingler Robert H

(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
X	Officer (give title below)	Other (specify below)
	Co-Founder Chief Strategy Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/15/2026		F		54,116⁽¹⁾	D	$30.58	890,134⁽²⁾	D
Class A Common Stock								250,171	I	Ulysses Trust 02021.1, Dated February 26, 2021

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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").

2. Includes 744,984 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.

	/s/LeeAnn Linck, Attorney-in-fact for: Robert H Schingler	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Planet Labs (PL) insider Robert Schingler report in this Form 4?

Robert Schingler reported a tax-related share disposition where 54,116 Planet Labs Class A shares were withheld to cover RSU withholding taxes. No open-market sale occurred; this reflects routine equity compensation administration rather than a discretionary trade.

Were any Planet Labs (PL) shares sold on the open market in this filing?

No, the filing states that no shares were sold by Robert Schingler. Instead, Planet Labs withheld 54,116 Class A shares to satisfy tax obligations triggered by the vesting of restricted stock units.

How many Planet Labs (PL) shares does Robert Schingler hold after this Form 4?

After the transaction, Robert Schingler directly holds 890,134 shares of Planet Labs Class A Common Stock. He also indirectly holds 250,171 shares through the Ulysses Trust 02021.1, according to the reported ownership details.

What are the RSUs mentioned in Robert Schingler’s Planet Labs (PL) filing?

The filing notes 744,984 restricted stock units that vest in equal quarterly installments on March 15, June 15, September 15, and December 15. Each RSU entitles Schingler to receive one Planet Labs Class A share upon vesting.

How is indirect ownership reported for Planet Labs (PL) shares in this Form 4?

Indirect ownership is reported through the Ulysses Trust 02021.1, which holds 250,171 Planet Labs Class A shares. This reflects shares beneficially owned via a trust rather than in Schingler’s direct brokerage or personal accounts.