Schingler Robert H 4
4 · Planet Labs PBC · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) Co-Founder Robert Schingler Sells 73,683 Shares
What Happened
Robert H. Schingler, Co‑Founder, Chief Strategy Officer and a director of Planet Labs (PL), sold 73,683 shares of PL on April 6, 2026. The shares were sold in multiple trades at prices ranging from $34.31 to $36.09, for a weighted average price of $35.07, resulting in proceeds of approximately $2,584,358. The sales were executed pursuant to a Rule 10b5‑1 trading plan adopted by Schingler on July 14, 2025.
Key Details
- Transaction date: April 6, 2026; Form 4 filed April 8, 2026 (filed timely).
- Price details: multiple trades at $34.31–$36.09; weighted average price $35.07.
- Shares sold: 73,683; total proceeds ≈ $2,584,358.
- Shares owned after transaction: not specified on the Form 4; filing notes beneficial holdings include 851,339 RSUs that vest quarterly (March, June, September, December).
- Notable footnotes: (F1) sale executed under a 10b5‑1 plan adopted 7/14/2025; (F2) per‑trade prices available upon request; (F3) RSU detail as above.
- Transaction type code: S = Sale (open‑market/private sale).
Context
This was a planned sale under a pre‑arranged 10b5‑1 trading plan, which allows insiders to sell shares on a preset schedule and is commonly used to avoid timing questions. Sales under 10b5‑1 plans are routine and do not by themselves indicate management’s view of the company’s prospects. If you want breakdowns of each individual trade price, the filer states they will provide that information upon SEC, issuer, or shareholder request.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-04-06$35.07/sh−73,683$2,584,358→ 256,488 total(indirect: By Trust)
- 992,933
Class A Common Stock
[F3]
Footnotes (3)
- [F1]This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 14, 2025.
- [F2]The sales were executed in multiple trades at prices ranging from $34.31 to $36.09. 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 851,339 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.