Ashley F. Johnson - Dec 7, 2021 Form 4 Insider Report for dMY Technology Group, Inc. IV (PL)

Role
Chief Financial and Operating Officer
Signature
/s/ Andrew Kirkpatrick, as Attorney-in-fact for Ashley F Johnson
Stock symbol
PL
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 08:16 PM
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award +146K 146K Dec 7, 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 +245K 245K Dec 7, 2021 Class A Common Stock 245K Direct F1, F4
transaction PL Stock Option (Right to Buy) Award +1.19M 1.19M Dec 7, 2021 Class A Common Stock 1.19M $4.04 Direct F5, F6
transaction PL Stock Option (Right to Buy) Award +536K 536K Dec 7, 2021 Class A Common Stock 536K $9.75 Direct F5, F7
transaction PL Stock Option (Right to Buy) Award +306K 306K Dec 7, 2021 Class A Common Stock 306K $9.75 Direct F5, F8
* 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 146,211 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 with respect to 25% of the RSUs on February 6, 2021 and in equal monthly installments thereafter. The RSUs have no expiration date.
F3 Includes 146,211 RSUs.
F4 Includes 245,255 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 25% of the underlying Class A Common Stock on February 6, 2021, and in equal monthly installments thereafter.
F7 The option vests and becomes exercisable with respect to 1/48th of the underlying Class A Common Stock on July 1, 2021, and in equal monthly installments thereafter.
F8 The option vests and becomes exercisable with respect to 1/48th of the underlying Class A Common Stock on July 1, 2022, and in equal monthly installments thereafter.

Remarks:

Chief Financial and Operating Officer