Planet Labs PBC filings document an Earth-observation company that provides satellite imagery, geospatial data, and related software solutions. The company’s 8-K reports include operating results, Regulation FD disclosures, material agreements, and other events tied to its commercial and government satellite-data business.
Recent filings also describe capital-structure matters involving Class A common stock, Class B common stock, earnout share issuances, and public warrants originally issued with IPO units. The record includes warrant redemption disclosures and a Form 25 covering removal of the redeemable warrants from NYSE listing and registration.
Planet Labs PBC CEO and Co-Founder William Spencer Marshall reported multiple equity transactions on Class A and Class B stock. He acquired 247,794 shares of Class A Common Stock at an exercise price of $0 through the exercise of earnout derivative awards, and separately disposed of 120,522 Class A shares at $25.32 per share. Following these transactions, he beneficially owned 2,961,762 shares of Class A Common Stock directly.
The filing also shows activity in derivative securities tied to earnout arrangements. Marshall exercised 247,794 “Earnout - Class A Shares” and 584,052 “Earnout - Class B Shares,” both with a stated exercise price of $0, and held 247,797 and 584,053 of these derivative earnout securities, respectively, after the transactions. He also held 11,162,845 derivative securities related to Class B Common Stock. A footnote states that 2,069,641 RSUs are included in his Class A beneficial ownership and vest quarterly, and that earnout shares were issued after Planet Labs’ stock achieved $15.00 and $17.00 price thresholds, with remaining earnouts contingent on future stock price or change-of-control events before December 7, 2026.
Planet Labs director Carl Bass reported the vesting of earnout-based equity awards. On January 13, 2026, an earnout derivative for 39,826 earnout Class A shares was exercised at $0 and settled into 39,826 shares of Class A Common Stock.
Following this transaction, Bass directly beneficially owned 357,356 shares of Class A Common Stock, which includes 32,468 RSUs that vest on the earlier of the first anniversary of grant or the next annual stockholder meeting. The earnout shares were issued after the company’s stock achieved $15.00 and $17.00 price thresholds, and remaining earnout shares may vest in two equal parts if the stock reaches $19.00 and $21.00 over 20 of 30 trading days or upon a qualifying change of control before December 7, 2026.
Planet Labs PBC director Ita M. Brennan reported an equity award-related transaction. On 01/13/2026, 844 earnout Class A share units were exercised at $0 per unit, delivering 844 shares of Class A Common Stock. Following this, Brennan directly held 299,812 shares of Class A Common Stock and 846 earnout derivative units.
The earnout shares were issued after the company’s stock met $15.00 and $17.00 price thresholds. According to the terms, remaining earnout shares will vest in two substantially equal installments if the closing price of the Class A Common Stock equals or exceeds $19.00 and $21.00 for 20 trading days within any 30-day period before December 7, 2026, or upon a qualifying change of control with at least the same price levels.
Planet Labs PBC furnished an update about a new agreement it entered into on January 12, 2026. In a related press release, the company stated that this agreement does not change its previously issued financial guidance for the quarter ending January 31, 2026 and for the fiscal year ending January 31, 2026, which was provided in an earlier earnings release. The press release describing the agreement is included as Exhibit 99.1 to this report.
Planet Labs PBC director and officer Robert H. Schingler reported insider transactions in Class A Common Stock. On 12/26/2025, he sold 73,782 shares at a weighted average price of $19.3548 per share under a Rule 10b5-1 trading plan adopted on July 14, 2025, leaving 1,164,729 shares beneficially owned directly.
On 12/29/2025, he transferred 330,171 shares from direct ownership to Ulysses Trust 02021.1, a revocable trust for which he and his spouse are trustees, and the same number of shares was reported as acquired by the trust at $0, resulting in 330,171 shares held indirectly. The directly held amount includes 834,558 RSUs that vest quarterly on March 15, June 15, September 15 and December 15, each RSU representing a right to receive one share of Class A Common Stock.
Planet Labs PBC Co-Founder and CEO William Spencer Marshall reported an open-market sale of Class A common stock. On December 26, 2025, he sold 200,000 shares at a weighted average price of $19.3592 per share in transactions executed between $19.05 and $20.30. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on July 12, 2025. After this sale, Marshall beneficially owns 2,834,490 shares, including 2,069,641 restricted stock units (RSUs) that vest in equal quarterly installments on the 15th of March, June, September and December, each RSU representing a right to receive one share of Class A common stock.
William Marshall filed a notice to sell 200,000 shares of PL common stock. The planned sale is through Morgan Stanley Smith Barney LLC on the NYSE, with an approximate aggregate market value of $4,064,000 and 292,507,135 shares of the class outstanding.
The shares to be sold were acquired on 06/15/2023 from the issuer via RSU/PSU awards. The filing also reports securities sold during the past three months, including 200,000 common shares sold on 10/13/2025 for gross proceeds of $3,099,306.38, labeled as 10b5-1 sales for William Marshall.
Planet Labs insider plans to sell common stock under Rule 144. A holder intends to sell 73,782 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,499,250.24, on or about 12/26/2025 on the NYSE. The filing notes 292,507,135 shares of common stock outstanding.
The shares to be sold were acquired on 12/15/2024 as restricted stock units from the issuer, in the same amount of 73,782 shares, with no separate cash payment disclosed. Over the past three months, 10b5-1 sales for Robert H. Schingler Jr. included a sale of 81,656 common shares on 10/13/2025, producing gross proceeds of $1,265,334.54.
Planet Labs PBC President & CFO Ashley F. Johnson reported an automatic equity transaction dated 12/15/2025.
The filing shows 85,403 shares of Class A Common Stock were disposed of at $18.05 per share under transaction code F, representing shares withheld by the company to pay withholding taxes triggered by the vesting of restricted stock units (RSUs), and no shares were sold by the insider. After this transaction, Johnson beneficially owned 2,029,311 shares, including 1,280,545 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December, each RSU corresponding to one share of Class A Common Stock with no expiration date.
Planet Labs PBC co-founder, Chief Strategy Officer and director Robert H. Schingler reported a tax-related share withholding tied to restricted stock units. On 12/15/2025, the company withheld 50,332 shares of Class A Common Stock at $18.05 per share to cover withholding taxes due upon RSU vesting; no shares were sold by the insider.
After this transaction, Schingler beneficially owns 1,238,511 Class A shares, including 834,558 RSUs. These RSUs vest in equal quarterly installments on the 15th of March, June, September and December, each representing a contingent right to receive one share of Class A Common Stock with no expiration date.