Brennan Ita M 4

What Happened

• Brennan Ita M, a director of Planet Labs PBC (PL), sold 11,500 shares on 2026-07-01 in open-market transactions for total proceeds of approximately $379,475. The reported weighted-average price was $33.00 per share.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-02).
• Nature of transaction: Sale (S) executed under a Rule 10b5-1 trading plan adopted January 14, 2026 (prearranged plan).
• Price details: Multiple trades at prices ranging from $31.54 to $34.10; $33.00 is the weighted-average sale price. The filer will provide per-trade price/quantity details upon request by the SEC, issuer, or a security holder.
• Shares owned after transaction: Not specified in the provided excerpt; the filing notes it "includes 32,468 RSUs" that will vest (each RSU converts to one share) on the earlier of the first anniversary of the grant or the issuer’s next annual meeting.
• Timeliness: Filing appears timely (filed the day after the transaction), not flagged as late.

Context

• The sale was executed under a 10b5-1 plan, which is a pre-scheduled trading arrangement that allows insiders to sell shares without active trading decisions at the time of each sale. Such sales are often routine and do not, by themselves, indicate the insider’s view of the company's prospects.