SMITH GARY B 4

What Happened

• Gary B. Smith, a director of Planet Labs (PL), purchased 20 shares in an open-market transaction on 2025-10-09 at $15.66 per share (total $313). He later sold 20 shares in an open-market transaction on 2025-11-11 at $12.69 per share (total $254). The two trades offset each other (no net change in shares held) and produced a net realized difference of $59 (loss).

Key Details

• Purchase: 2025-10-09 — 20 shares @ $15.66 = $313 (code P).
• Sale: 2025-11-11 — 20 shares @ $12.69 = $254 (code S).
• Shares owned after the transactions: not disclosed in the filing.
• Filing date / timeliness: Form 4 filed 2026-02-03; marked late. Reason given: the shares were held in an account managed solely by the reporting person’s broker and the reporting person did not become aware of the transactions until recently.
• Note: P = purchase, S = sale. No 10b5‑1 plan, tax-withholding, or option exercise noted in this filing.

Context

• These are very small, routine brokerage trades by a company director and do not, by themselves, indicate a change in insider confidence. The late filing reduces the immediacy of disclosure; investors who track insider activity should note the timing when assessing transparency.