Reese Scott 4
4 · Planet Labs PBC · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Planet Labs (PL) Director Reese Scott Receives RSU Award
What Happened Reese Scott, a director of Planet Labs PBC (PL), was awarded a total of 8,639 restricted stock units (RSUs) on July 9, 2026. The grant was reported on a Form 4 filed July 10, 2026. The award consists of 6,479 RSUs (grant A) and 2,160 RSUs (grant A), each shown with an acquisition price of $0.00 (total reported value $0). Each RSU represents a contingent right to one share of the issuer’s Class A Common Stock and will convert to shares upon vesting.
Key Details
- Transaction date(s) and price: 2026-07-09; 6,479 RSUs @ $0.00 and 2,160 RSUs @ $0.00 (codes: A — award/grant).
- Total RSUs awarded: 8,639.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Vesting terms (from footnotes):
- 6,479 RSUs: vest in full on the earlier of (i) first anniversary of the grant or (ii) issuer’s next annual meeting, subject to continuous service (F1).
- 2,160 RSUs: vest in equal quarterly installments on Sept 15, Dec 15, Mar 15 and June 15; no expiration (F2).
- Combined summary reiterated in F3.
- Filing timeliness: Form 4 filed on 2026-07-10 for a 2026-07-09 grant — appears timely (Form 4s must generally be filed within two business days).
Context RSUs are compensation awards that convert into shares when they vest; they are not an open-market purchase and do not by themselves signal a buy/sell decision by the insider. Vesting is subject to continued service, and issuance upon vesting may create a taxable event for the insider. For retail investors, awards are useful to track executive and director compensation but should be interpreted alongside other insider transactions and company fundamentals.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-07-09+6,479→ 15,286 total - Award
Class A Common Stock
[F2][F3]2026-07-09+2,160→ 17,446 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 2,160 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) 2,160 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.