Kevin Weil - Dec 7, 2021 Form 4 Insider Report for dMY Technology Group, Inc. IV (PL)

Role: President, Product & Business
Signature: /s/ Andrew Kirkpatrick, as Attorney-in-fact for Kevin Weil
Stock symbol: PL
Transactions as of: Dec 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/9/2021, 08:18 PM
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PL	Class A Common Stock	Award		+1.07M			1.07M	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		+304K			304K	Dec 7, 2021	Class A Common Stock	304K		Direct	F1, F4
transaction	PL	Stock Option (Right to Buy)	Award		+1.69M			1.69M	Dec 7, 2021	Class A Common Stock	1.69M	$9.75	Direct	F5, F6

* 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 1,072,287 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 June 15, 2022 and in equal quarterly installments thereafter. The RSUs have no expiration date.
F3	Includes 1,072,287 RSUs.
F4	Includes 304,460 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 shares on April 5, 2022 and in equal monthly installments thereafter.