Brennan Ita M 4

What Happened

• Brennan Ita, a director of Planet Labs PBC (PL), sold 36,500 shares in an open-market sale on April 15, 2026. The weighted-average sale price was $33.91, for total proceeds of approximately $1,237,580. The sales were executed under a Rule 10b5-1 trading plan.

Key Details

• Transaction type: Sale (code S), open-market execution under a 10b5-1 plan adopted Jan 14, 2026.
• Date of transaction: April 15, 2026; filing date: April 17, 2026 (timely filing).
• Prices: multiple trades at $32.86–$35.14; reported price is the weighted average $33.91.
• Shares sold: 36,500; total proceeds ≈ $1,237,580.
• Shares owned after transaction: not explicitly stated in the summary data provided. The filing notes RSUs totaling 35,946 (3,478 vesting in equal quarterly installments and 32,468 vesting on the earlier of the first anniversary of grant or the issuer’s next annual meeting) that represent contingent rights to receive one share each.
• Footnote: Reporting person will provide per-trade breakdown of quantities/prices upon request by the SEC staff, issuer, or a security holder.

Context

• A Rule 10b5-1 plan is a pre-scheduled trading arrangement that often governs timing and amounts of trades; sales under such plans are generally seen as pre-planned transactions rather than ad hoc insider timing. RSUs noted in the filing are contingent rights to receive shares and have specified vesting schedules.