Planet Labs (PL) Co-Founder Robert Schingler Gifts 55,000 Shares

What Happened

• Robert H. Schingler, Co-Founder, Chief Strategy Officer and director of Planet Labs PBC (PL), reported a gift of 55,000 shares on August 5, 2026. The transaction is coded as a gift (G) and has a reported price of $0.00 because no sale occurred and no value was received for the shares.

Key Details

• Transaction date and price: 2026-08-05; Gift, reported at $0.00 (no market sale) — per footnote F1 this was a bona fide gift.
• Shares owned after transaction: Not specified in the provided summary; see the full Form 4 for total beneficial ownership.
• Notable footnotes:
  • F1: The transaction is a bona fide gift; no price reported and no value received.
  • F2: The filing notes inclusion of 744,984 RSUs that vest in equal quarterly installments (Mar, Jun, Sep, Dec) and convert to one share each; these RSUs have no expiration.
• Filing timeliness: Report filed Aug 7, 2026 (the Form 4 shows the reported transaction date of Aug 5); the filing date is shown on the accession.

Context

• Gifts are not market transactions and do not necessarily reflect the insider’s view of the company’s prospects; common reasons include estate planning, family transfers, or charitable donations.
• For retail investors, purchases generally carry more direct informational value than gifts; this disclosure documents a transfer of shares but not a cash-based change in insider exposure.