Schingler Robert H 4

What Happened

• Robert H. Schingler, Co‑Founder, Chief Strategy Officer and Director of Planet Labs PBC (PL), was granted 115,895 restricted stock units (RSUs) on March 12, 2026 (acquired at $0.00 per share).
• To cover withholding tax liability upon vesting, 50,431 shares were withheld on March 15, 2026 at a price of $24.79 per share, representing $1,250,184. This withholding is recorded as a disposition but was not an open‑market sale.

Key Details

• Grant date / acquisition: 2026-03-12 — 115,895 RSUs granted (reported $0.00 per share).
• Withholding payment (tax): 2026-03-15 — 50,431 shares withheld at $24.79; total value $1,250,184.
• Filing: Form 4 filed 2026-03-16 for the reporting period 2026-03-12 (appears within the standard 2-business-day filing window).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: The RSUs represent contingent rights to one share each; they vest in equal quarterly installments over 4 years beginning June 15, 2026 and have no expiration.
  • F2: No shares were sold on the open market; the 50,431 shares were withheld by the issuer to satisfy withholding taxes.
  • F3: The filing references 851,339 RSUs that vest quarterly (vesting on the 15th of Mar/Jun/Sep/Dec) and have no expiration.

Context

• This filing reflects a compensation grant (RSUs) and a routine tax‑withholding disposition. RSU grants are common executive compensation and withholding of shares to satisfy taxes is not the same as an insider selling shares on the open market. Such activity is typically administrative and not a direct indicator of insider sentiment.