Johnson Ashley F. 4

What happened Ashley F. Johnson, President and Chief Financial Officer of Planet Labs PBC (PL), exercised/converted derivative securities for 61,314 shares and then disposed of shares across several transactions. On Jan 21, 2026 she sold 54,900 shares (weighted avg. $27.04) and 95,831 shares (weighted avg. $27.00) in open-market sales, generating about $4.07 million in gross proceeds. Separately, 33,693 shares were surrendered/used to satisfy tax or exercise-related obligations (reported value $888,821). On Jan 20 she also made a bona fide gift of 5,000 shares (no proceeds).

Key details

• Transaction dates: Jan 20–21, 2026; Form filed Jan 22, 2026 (timely).
• Option/derivative activity: exercised/converted 61,314 derivative securities at $0.00 per share (reported as code M).
• Open-market sales: 54,900 shares at a weighted average $27.04 (reported $1,484,606; prices in range $26.95–$27.20 per footnote), and 95,831 shares at a weighted average $27.00 (reported $2,587,197; prices in range $26.82–$27.19 per footnote).
• Shares surrendered for tax/exercise: 33,693 shares at $26.38 reported ($888,821).
• Gift: 5,000 shares reported as a bona fide gift (no consideration received).
• Total disclosed sale proceeds (open-market sales): ~$4.07M; plus $888,821 reported as share payment for tax/exercise.
• Shares owned after the reported transactions: not specified in the excerpt provided.
• Notable footnotes: F1 (gift), F2 & F3 (weighted-average sale price ranges), F4 (1,280,545 RSUs outstanding that vest quarterly), F5 (issuance of earnout shares after $19 trigger and further vesting contingent on $21 threshold), F6 (administrative correction to a previous Form 4 column reporting error).

Context

• This was a mixed sequence: an exercise/conversion of derivative securities followed largely by sales (including shares surrendered for tax). Exercises followed by immediate or near-term sales (a cashless-style outcome) are common for covering exercise costs and taxes; the gift is not an indicator of market sentiment. The filing appears timely (filed Jan 22 for Jan 20–21 transactions).