Planet Labs PBC·4

Apr 8, 4:31 PM ET

Schingler Robert H 4

Research Summary

AI-generated summary

Updated

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.