Schingler Robert H 4
4 · Planet Labs PBC · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) Co-Founder Robert Schingler Withholds 54,116 Shares for Taxes
What Happened
Robert H. Schingler, Co-Founder, Chief Strategy Officer and director of Planet Labs PBC (PL), had 54,116 shares of Class A common stock withheld by the issuer on 2026-06-15 to satisfy withholding tax liability arising from RSU vesting. The withholding was at a reported price of $30.58 per share, equal to about $1,654,867. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-06-15 at $30.58 per share.
- Shares withheld: 54,116; total value ≈ $1,654,867.
- Filing: Form 4 filed 2026-06-17 (timely; not marked late).
- Footnote F1: No shares were sold by the reporting person — shares were withheld by the issuer to pay taxes.
- Footnote F2: The filing notes 744,984 RSUs that vest in equal quarterly installments (Mar/Jun/Sep/Dec); each RSU converts to one share and has no expiration.
- Shares owned after the transaction: not specified in the provided details.
Context
Tax-withholding via share retention on RSU vesting is a routine administrative action and does not represent an active sale or purchase decision by the insider. For retail investors, purchases are generally more indicative of insider conviction; withholding for taxes is neutral and primarily a payroll/tax event.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-15$30.58/sh−54,116$1,654,867→ 890,134 total
- 250,171(indirect: By Trust)
Class A Common Stock
Footnotes (2)
- [F1]No shares were sold by the reporting person. The transaction disclosed represents shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs").
- [F2]Includes 744,984 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.