Brennan Ita M 4
4 · Planet Labs PBC · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) Director Brennan Ita Receives RSU Award
What Happened
Brennan Ita, a director of Planet Labs PBC (PL), was granted two restricted stock unit (RSU) awards on 2026-07-09 totaling 9,215 RSUs (6,479 + 2,736). The grants were reported at $0.00 per share (typical for equity awards), so the reported cash consideration at grant was $0. These are awards (compensation/retention), not open-market purchases or sales.
Key Details
- Transaction date and price: 2026-07-09, 6,479 RSUs @ $0.00 and 2,736 RSUs @ $0.00 (total 9,215 RSUs; $0 cash at grant).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Vesting / footnotes:
- F1: 6,479 RSUs vest in full on the earlier of the first anniversary of the grant or the issuer's next annual meeting, subject to continuous service.
- F2: 2,736 RSUs vest in equal quarterly installments on Sept 15, Dec 15, Mar 15, and June 15 (no expiration).
- F3: Combined summary of F1 and F2 (both sets are RSUs, each convertible to one Class A share).
- Filing timeliness: Report filed 2026-07-10 for a 2026-07-09 grant — appears timely (no late filing indicated).
Context
RSUs are a common form of equity compensation and represent a contingent right to receive shares once vesting conditions are met; they do not require immediate cash payment and do not itself indicate a buy/sell market signal. The two grant schedules (one with cliff or one-year/meeting-based vesting, the other with quarterly vesting) are typical for director compensation and retention.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-07-09+6,479→ 259,137 total - Award
Class A Common Stock
[F2][F3]2026-07-09+2,736→ 261,873 total
Footnotes (3)
- [F1]Includes 6,479 restricted stock units, each of which represent a contingent right to receive one share of issuer's Class A Common Stock ("RSUs"). The RSUs will fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the Issuer's next annual meeting of stockholders to occur following the grant, in either case, subject to continuous service through the vesting date.
- [F2]Includes 2,736 RSUs that vest in equal quarterly installments on the 15th of September, December, March, and June. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
- [F3]Includes (a) 2,736 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June; and (b) 6,479 RSUs which fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's next annual meeting of stockholders to occur following the grant. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.