Johnson Ashley F. 4

What Happened

• Ashley F. Johnson, President and Chief Financial Officer of Planet Labs (PL), was granted 173,842 restricted stock units (RSUs) on 2026-03-12 (reported on Form 4). RSUs have no exercise price and represent the right to receive one share of Class A common stock at vesting.
• On 2026-03-15, 85,558 shares were withheld by the issuer to satisfy the withholding tax liability related to RSU vesting; the withholding value is reported at $24.79 per share, totaling approximately $2,120,983. The filing shows the RSU grant (code A) and the withholding (code F).

Key Details

• Transaction dates/prices: RSU grant on 2026-03-12 (no purchase price); withholding on 2026-03-15 at $24.79/share (85,558 shares; ~$2.12M).
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: RSUs vest in equal quarterly installments over 4 years beginning June 15, 2026; RSUs have no expiration.
  • F2: No open‑market sale — shares were withheld by the issuer to cover tax withholding upon vesting.
  • F3: Filing references 1,298,687 RSUs that vest quarterly on the 15th of Mar/Jun/Sep/Dec.
• Filing timeliness: Reported on 2026-03-16 for a 2026-03-12 transaction; this appears to be filed within the standard two-business-day Form 4 window.

Context

• This was an equity award (grant of RSUs), not an outright purchase by the insider — awards are typically part of compensation and vest over time.
• The withheld shares represent a routine cashless-withholding for taxes (transaction code F), not a discretionary sell that should be interpreted as an active bearish signal.