Planet Labs (PL) Co‑Founder Robert Schingler Sells 52,240 Shares

What Happened
Robert H. Schingler, Planet Labs co‑founder and Chief Strategy Officer, sold 52,240 shares of Planet Labs Class A common stock in an open‑market transaction on 2026‑09‑17 at a weighted average price of $16.96 for proceeds of $886,225. Separately, on 2026‑09‑15 the issuer withheld 54,117 vested RSUs to cover the reporting person’s tax withholding obligation at $16.02 per share (value $866,954) — those withheld shares were not sold by Schingler. The filing also shows a transfer of 52,240 shares to the Ulysses Trust (a revocable trust for which he and his spouse are trustees), recorded as a zero‑price transfer.

Key Details

• Transaction dates/prices:
  • 2026‑09‑17: Open‑market sale of 52,240 shares @ weighted avg $16.96 = $886,225 (sales executed under a Rule 10b5‑1 plan).
  • 2026‑09‑15: RSU tax withholding of 54,117 shares @ $16.02 = $866,954 (issuer withheld shares to cover taxes; not a sale by the reporting person).
  • Transfer on 2026‑09‑17: 52,240 shares moved to Ulysses Trust (zero‑value internal transfer).
• Sale price range: individual trades ranged $16.29–$17.26 (weighted avg reported).
• RSU note: filing references 638,627 RSUs that vest quarterly (contingent rights to one share each; no expiration).
• Plan/authority: the open‑market sales were executed under a Rule 10b5‑1 trading plan adopted April 23, 2026.
• Shares owned after the transactions: not specified in the provided filing.
• Filing timeliness: Form 4 was filed on 2026‑09‑17 for transactions on 9/15 and 9/17 (appears timely).

Context
Withholding of vested RSUs to satisfy tax obligations is a routine administrative action and is not a market sale by the insider. Transfers to a revocable trust (Ulysses Trust) are commonly estate/planning moves and do not necessarily indicate a change in economic interest. Sales executed under a 10b5‑1 plan are pre‑arranged and generally reflect pre‑scheduled disposition rather than immediate market timing. For investors, outright purchases typically carry stronger signals than planned or tax‑related sales.