Planet Labs (PL) President/CFO Ashley F. Johnson Sells 55,663 Shares

What Happened

• Ashley F. Johnson, President and Chief Financial Officer of Planet Labs PBC (PL), had RSU/PRSU vesting and executed an open-market sale. On Sept 15–17, 2026 she received 5,588 shares upon PRSU vesting, had shares withheld to cover tax liabilities on PRSUs and RSUs, transferred shares to a family revocable trust, and sold 55,663 shares in the open market for a weighted average price of $16.96 (total ≈ $944,312).
• Specific reported transactions:
  • 2026-09-15: 5,588 shares acquired at $0.00 upon vesting of PRSUs (received in lieu of H1 cash bonus).
  • 2026-09-15: 3,071 shares withheld at $16.02 for PRSU tax withholding (reported as disposition, ~$49,197).
  • 2026-09-15: 84,873 shares withheld at $16.02 for RSU tax withholding (reported as disposition, ~$1,359,665).
  • 2026-09-17: 72,096 shares transferred (disposed) and re-acquired at $0.00—transfer to the Johnson Joint Revocable Trust.
  • 2026-09-17: 55,663 shares sold in multiple open-market trades at a weighted average $16.96 (total ≈ $944,312).

Key Details

• Transaction dates: primary activity on Sept 15 and Sept 17, 2026; Form 4 filed Sept 17, 2026 (timely filing).
• Sale mechanics: open-market sale executed under a Rule 10b5-1 trading plan adopted Apr 23, 2026; individual sale prices ranged $16.28–$17.26 (weighted avg $16.96).
• Tax withholdings: the reported dispositions of 3,071 and 84,873 shares were withholding by the issuer to satisfy tax obligations on vested PRSUs/RSUs (not open-market sales by the insider).
• Trust transfer: 72,096-share transfer to Johnson Joint Revocable Trust (reporting person and spouse are trustees).
• Shares owned following these transactions: not specified in the Form 4 filing.
• Footnotes of note: F1 (PRSUs converted from cash bonus and vested), F2/F3 (shares withheld for tax), F5 (trust transfer), F6 (10b5-1 plan), F7 (multiple sale prices; weighted avg reported).

Context

• Vesting and tax-withholding disclosures often appear as both acquisitions and dispositions on Form 4s; withholding transactions do not indicate market selling intent.
• The open-market sale was executed under a pre-established 10b5-1 plan, which is a rule-based trading program that can indicate planned, routine sales rather than reactive trades.
• For retail investors: purchases (not present here) tend to be more informative as bullish signals. These transactions mainly reflect routine compensation vesting, tax withholding, a trust transfer, and a planned sale.