Johnson Ashley F. 4

What Happened

• Ashley F. Johnson, President & CFO of Planet Labs PBC (PL), received 51,398 shares on 2026-03-19 upon the vesting of performance restricted stock units (PSUs). Those award shares were reported at $0.00 acquisition price.
• Simultaneously, 28,244 shares were withheld by the issuer to cover the tax withholding obligation related to the vesting; the withholding is reported at $26.96 per share, totaling approximately $761,458. This withholding is not a market sale by the insider.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed 4 days after the transaction date).
• Award: 51,398 shares (PSUs) acquired at $0.00 (code A).
• Tax withholding: 28,244 shares withheld at $26.96 per share, value ≈ $761,458 (code F); no open-market sale.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: PSUs were issued in lieu of the reporting person’s cash bonus for H2 of fiscal 2026; the reporting person elected conversion at 125% of the earned cash bonus.
  • F2: Withholding represents issuer-retained shares to satisfy tax withholding; not a sale by the insider.
  • F3: The reporting person also holds RSUs (1,298,687) that vest quarterly and represent future rights to Class A shares.

Context

• This was an award/vesting event and a routine tax-withholding disposition — common when restricted stock or PSUs vest. The withholding reduces the insider’s issued share count but does not indicate an open-market sale or change in conviction.
• The filing was submitted on 2026-03-23 for a 2026-03-19 transaction; that timing appears later than the usual two-business-day Form 4 deadline.