Marshall William Spencer 4
4 · Planet Labs PBC · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) CEO Marshall Spencer Sells 200,000 Shares
What Happened Marshall William Spencer, Co‑Founder, CEO and Director of Planet Labs PBC (PL), sold 200,000 shares on April 6, 2026 in an open‑market sale (reported as “S”) for a weighted average price of $35.07 per share, total proceeds of approximately $7,014,520. The sale was executed under a Rule 10b5‑1 trading plan adopted July 12, 2025.
Key Details
- Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (filed within the required 2 business days).
- Price: weighted average $35.07; individual trade prices ranged $34.25–$36.14 (multiple trades).
- Shares sold: 200,000; gross proceeds ≈ $7,014,520.
- Shares owned after transaction: filing summary provided does not state total post‑sale holdings in the data you supplied. The filing notes 2,222,807 RSUs that vest quarterly (Mar/Jun/Sep/Dec 15) and convert 1:1 to Class A common stock with no expiration.
- Footnotes: F1 = sale executed under a 10b5‑1 plan (adopted 7/12/2025). F2 = multiple trades/wtd avg price; reporting person will provide per‑price breakdown on request. F3 = description of RSU holdings/vesting schedule.
Context This was a planned sale under a prearranged 10b5‑1 plan, which is commonly used by insiders to execute trades on a schedule and is typically considered routine rather than a real‑time signal of management sentiment. The filing appears timely. No options were exercised and no gifts or tax‑withholding stock transfers were reported in the transaction details provided.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-04-06$35.07/sh−200,000$7,014,520→ 3,192,726 total
Footnotes (3)
- [F1]This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 12, 2025.
- [F2]The sales were executed in multiple trades at prices ranging from $34.25 to $36.14. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- [F3]Includes 2,222,807 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.