BASS CARL 4

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.