Schingler Robert H 4

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.