Carl Bass - 07 Dec 2021 Form 4 Insider Report for dMY Technology Group, Inc. IV (PL)

Role
Director
Signature
/s/ Andrew Kirkpatrick, as Attorney-in-fact for Carl Bass
Issuer symbol
PL
Transactions as of
07 Dec 2021
Net transactions value
$0
Form type
4
Filing time
09 Dec 2021, 20:14:42 UTC
Previous filing
17 Nov 2021
Next filing
17 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award +191,479 191,479 07 Dec 2021 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PL Earnout - Class A Shares Award +79,656 79,656 07 Dec 2021 Class A Common Stock 79,656 Direct F1, F4
transaction PL Stock Option (Right to Buy) Award +153,183 153,183 07 Dec 2021 Class A Common Stock 153,183 $3.92 Direct F5, F6
transaction PL Stock Option (Right to Buy) Award +376,748 376,748 07 Dec 2021 Class A Common Stock 376,748 $2.33 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination (the "Business Combination") of dMY Technology Group, Inc. IV and Planet Labs, Inc. ("Former Planet"), each share of Former Planet capital stock (other than Class B common stock of Former Planet) was converted into the right to receive approximately 1.53184 shares (the "Exchange Ratio") of the issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock") at the closing of the business combination.
F2 Includes 191,479 restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of issuer's Class A Common Stock. The RSUs will vest in equal quarterly installments beginning September 15, 2021. The RSUs have no expiration date.
F3 Includes 191,479 RSUs.
F4 Includes 79,656 earnout shares that will vest in four substantially equal installments if the closing price of the issuer's Class A Common Stock equals or exceeds $15.00, $17.00, $19.00 and $21.00, over any 20 trading days within any 30 day trading period prior to December 7, 2026 or if the issuer consummates a change of control transaction prior to December 7, 2026 that entitles its stockholders to receive a per share consideration of at least $15.00, $17.00, $19.00 and $21.00. Issuable only if the holder continues to provide services to the issuer or its subsidiaries through the date on which the earnout shares are issued.
F5 At the closing of the Business Combination, each outstanding option to purchase Former Planet capital stock was converted into a right to receive a number of options to purchase Class A Common Stock based on the Exchange Ratio.
F6 The option vests and becomes exercisable with respect to 1/36th of the underlying Class A Common shares on November 7, 2020 and in equal monthly installments thereafter.
F7 The option is fully vested and exercisable.