Planet Labs (PL) President & CFO Ashley F. Johnson Withholds 91,530 Shares

What Happened

• Ashley F. Johnson, President and Chief Financial Officer of Planet Labs PBC (PL), had 91,530 shares of Class A common stock withheld by the company to satisfy the tax withholding obligation on vested RSUs. The withholding was reported as a disposition at $30.58 per share for a total value of $2,798,987 on 2026-06-15. This was a tax-withholding event (not an open-market sale or purchase).

Key Details

• Transaction date & price: 2026-06-15 — 91,530 shares at $30.58 each.
• Reported value: $2,798,987.
• Filing date: Form 4 filed 2026-06-17 (covers the 6/15/2026 transaction).
• Shares owned after transaction: Not specified in the provided filing excerpt — see the full Form 4 for total holdings.
• Footnotes of note:
  • F1: No shares were sold on the open market; shares were withheld by the issuer to pay withholding tax on RSU vesting.
  • F2: The reporting person holds 1,132,122 RSUs that vest in equal quarterly installments on Mar 15, Jun 15, Sep 15 and Dec 15; each RSU converts to one share and they have no expiration date.

Context

• This was a routine cashless tax-withholding on RSU vesting (transaction code F), which reduces the insider's share delivery to cover taxes rather than indicating a deliberate sale. RSU vesting and withholding are common and do not necessarily signal a change in insider sentiment.