Planet Labs (PL) Director John W. Raymond Sells 6,494 Shares

What Happened John W. Raymond, a director of Planet Labs PBC (PL), reported an open‑market sale of 6,494 shares on July 13, 2026 for a weighted average price of $26.16, totaling approximately $169,871. On the same date he reported transfers involving 43,608 shares (recorded as both an acquisition and disposition at $0.00), reflecting a movement of shares to a family revocable trust.

Key Details

• Transaction date: July 13, 2026. Form filed July 14, 2026 (next-day filing).
• Open-market sale (code S): 6,494 shares sold; weighted average price $26.16; total ≈ $169,871.
• Transfer (code J): 43,608 shares transferred to "Raymond Family Rev Trust U/A DTD 05/30/2023" — recorded at $0.00 (no sale proceeds).
• Price range for the sale trades: $25.69 to $26.89 (weighted average reported); reporter will provide breakdown on request (per filing).
• Filing notes: sale executed pursuant to a Rule 10b5-1 trading plan adopted Jan 22, 2026. The transfer to the trust is a trustee-managed revocable trust (Reporting Person and spouse are trustees).
• Shares owned after transaction: not specified in the filing.

Context

• The transfer to a revocable family trust (a J-coded transaction) is an internal/estate planning move and does not necessarily signal a change in economic exposure or sentiment.
• The open‑market sale was done under a pre-established 10b5‑1 plan, which indicates the trades were scheduled rather than opportunistic.
• For retail investors, purchases are generally more informative than routine sales or internal transfers; these transactions appear to be routine/liquidity and trust‑planning related rather than a clear signal about company prospects.