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Planet Labs PBC·4

Apr 6, 6:01 PM ET

Johnson Ashley F. 4

Research Summary

AI-generated summary

Updated

Planet Labs (PL) President & CFO Ashley F. Johnson Sells Shares

What Happened
Ashley F. Johnson, President and Chief Financial Officer of Planet Labs PBC (PL), reported open-market sales of 200,000 shares on April 2, 2026 for total proceeds of approximately $7.02 million. On April 6, 2026 she reported a non-market transfer of 525,708 shares to The Johnson Joint Revocable Trust (a transfer in which she and her spouse are trustees); this transfer is reported as both a disposition and an acquisition at $0 per share (internal trust transfer).

Key Details

  • Sales (open-market): 51,460 shares at a weighted average price of $34.76 ($1,788,595) and 148,540 shares at a weighted average price of $35.22 ($5,231,623) — total sold = 200,000 shares for ~$7,020,218.
  • Transfer to trust (code J): 525,708 shares reported as disposed and reacquired at $0 on Apr 6, 2026 (The Johnson Joint Revocable Trust; Reporting Person and spouse are trustees).
  • Trade execution notes: Sales were executed in multiple trades. Prices ranged $34.57–$34.94 for one lot and $34.585–$35.87 for the other; the filing shows weighted-average prices (Reporting Person can provide per-trade details on request).
  • RSUs noted: Footnote indicates 1,298,687 RSUs that vest quarterly and convert to one share each — these are contingent awards with no expiration.
  • Filing timing: Transaction dates Apr 2 (sales) and Apr 6 (trust transfer); Form 4 was filed Apr 6, 2026 (timely given weekend days between transaction and filing).

Context

  • The open-market transactions are outright sales (S) — common insider activity that realizes proceeds; they are not purchases (which some investors view as more bullish).
  • The transfer (J) to a revocable trust is an internal reallocation of beneficial ownership, not a public sale. Such transfers often reflect estate or household planning rather than a change in economic exposure.
  • This summary is factual and not an explanation of motive. For complete transaction-level details and the insider’s post-transaction holdings, consult the full Form 4 filing (accession 0001193125-26-144100).