Planet Labs (PL) co-founder gifts 55,000 shares, retains large RSU stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Planet Labs PBC co-founder and Chief Strategy Officer Robert H. Schingler reported a bona fide gift of 55,000 shares of Class A Common Stock held indirectly through the Ulysses Trust 02021.1, dated February 26, 2021. No value was received and no price was reported because this was not a market transaction. After the gift, the trust holds 201,488 shares indirectly, while Schingler also directly holds 992,933 shares, including 851,339 RSUs that vest in equal quarterly installments on March 15, June 15, September 15 and December 15.
Positive
- None.
Negative
- None.
Insider Trade Summary
55,000 shares gifted
Mixed
2 txns
Insider
Schingler Robert H
Role
Co-Founder Chief Strategy Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 55,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 201,488 shares (Indirect, Ulysses Trust 02021.1, Dated February 26, 2021);
Class A Common Stock — 992,933 shares (Direct, null)
Footnotes (1)
- The reported transaction represents a bona fide gift. This is not a market transaction, thus no price has been reported. No value was received for the gifted shares. Includes 851,339 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
Gifted shares: 55,000 shares
Gift price per share: $0.00 per share
Indirect shares after gift: 201,488 shares
+2 more
5 metrics
Gifted shares
55,000 shares
Bona fide gift of Class A Common Stock via Ulysses Trust 02021.1
Gift price per share
$0.00 per share
No value received; not a market transaction
Indirect shares after gift
201,488 shares
Ulysses Trust 02021.1 post-transaction Class A holdings
Direct shares held
992,933 shares
Direct Class A holdings following reported transactions
RSUs included in direct holdings
851,339 RSUs
RSUs vesting quarterly on March 15, June 15, September 15, December 15
Key Terms
bona fide gift, RSUs, contingent right, indirect
4 terms
bona fide gift financial
"The reported transaction represents a bona fide gift. This is not a market transaction"
RSUs financial
"Includes 851,339 RSUs that vest in equal quarterly installments"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"The RSUs represent a contingent right to receive one share"
indirect financial
"direct_or_indirect: "I", nature_of_ownership: "Ulysses Trust 02021.1""
FAQ
What insider transaction did Robert H. Schingler report at Planet Labs (PL)?
Robert H. Schingler reported a bona fide gift of 55,000 shares of Planet Labs Class A Common Stock. The shares were held indirectly through the Ulysses Trust 02021.1, and no value was received because this was not a market transaction.
How do Robert H. Schingler’s RSUs at Planet Labs (PL) vest over time?
Schingler holds 851,339 RSUs that vest in equal quarterly installments. Vesting occurs on the 15th of March, June, September and December, with each RSU delivering one share of Planet Labs Class A Common Stock upon vesting and having no expiration date.
Was the reported Planet Labs (PL) insider transaction a market sale or purchase?
The transaction was not a market sale or purchase. It is explicitly described as a bona fide gift, with no value received and no price reported. This distinguishes it from open-market trades that typically reflect active buying or selling decisions.