Brennan Ita M 4

What Happened Brennan Ita, a director of Planet Labs PBC (PL), reported the exercise/conversion of a derivative on February 3, 2026. The filing shows 423 shares were acquired at $0.00 and 423 shares were disposed of at $0.00, resulting in no cash consideration and no net change in disclosed shares from these entries. The transaction is coded as an exercise/conversion of a derivative (code M).

Key Details

• Transaction date: 2026-02-03; Form filed: 2026-02-05.
• Activity: 423 shares acquired at $0.00 (exercise/conversion) and 423 shares disposed at $0.00.
• Net effect: zero net change from these reported transactions (423 in, 423 out).
• Shares owned after transaction: not specified in the provided summary; net change from these entries is zero.
• Footnotes in the filing:
  • F1: The insider’s holdings include RSUs — 6,957 that vest quarterly and 32,468 that fully vest on the earlier of the first anniversary of grant or the issuer’s next annual meeting; each RSU converts into one Class A share and has no expiration.
  • F2: Represents issuance of earnout shares triggered by achievement of $21.00 stock-price thresholds.
• No 10b5‑1 plan, tax‑withholding sale, or other settlement reason is specified in the provided data.

Context

• Code M denotes exercise or conversion of a derivative (for example, option exercise or RSU conversion). The equal acquire/dispose entries at $0.00 often reflect a conversion followed by an immediate transfer or settlement, but the filing does not state the specific rationale (e.g., net-share settlement or transfer to satisfy obligations).
• Because there was no cash paid or received in these reported entries, this filing does not reflect a typical open‑market buy or sell that signals a market sentiment change.