BASS CARL 4
4 · Planet Labs PBC · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) Director Carl Bass Receives RSU Award
What Happened Carl Bass, a director of Planet Labs PBC (PL), received a grant of restricted stock units (RSUs) on July 9, 2026. The filing reports two awards totaling 9,359 RSUs (6,479 RSUs and 2,880 RSUs) issued at $0.00 (RSUs are contingent rights to receive one share each upon vesting). This was an award/grant transaction (code A), not a purchase or sale, so it does not represent an open-market buy or sell.
Key Details
- Transaction date: 2026-07-09; reported on Form 4 filed 2026-07-10 (timely filing).
- Awards: 6,479 RSUs (Footnote F1) and 2,880 RSUs (Footnote F2) — total 9,359 RSUs (Footnote F3 describes the combined award).
- Price: $0.00 per RSU (typical for RSU grants; value realized when/if RSUs vest and convert to shares).
- Vesting terms:
- 6,479 RSUs: vest on the earlier of the first anniversary of the grant or the issuer’s next annual meeting of stockholders, subject to continuous service (F1).
- 2,880 RSUs: vest in equal quarterly installments on Sep 15, Dec 15, Mar 15 and Jun 15; no expiration date (F2).
- Shares owned after transaction: not specified in the provided filing summary.
- No 10b5-1 plan, tax-withholding sale, or option exercise indicated in the filing.
Context RSU grants are a form of equity compensation and do not imply an immediate market purchase or sale. They give the holder a contingent right to receive shares if vesting conditions are met; if and when RSUs vest and convert to Class A common stock, they can dilute existing shareholders modestly. This filing is informational for investors tracking insider compensation and potential future share issuance, but it is not a direct bullish or bearish trade signal.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-07-09+6,479→ 403,665 total - Award
Class A Common Stock
[F2][F3]2026-07-09+2,880→ 406,545 total
Footnotes (3)
- [F1]Includes 6,479 restricted stock units, each of which represent a contingent right to receive one share of issuer's Class A Common Stock ("RSUs"). The RSUs will fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the Issuer's next annual meeting of stockholders to occur following the grant, in either case, subject to continuous service through the vesting date.
- [F2]Includes 2,880 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
- [F3]Includes (a) 2,880 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June; and (b) 6,479 RSUs which fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's next annual meeting of stockholders to occur following the grant. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.