Niccolo de Masi - 11 Jul 2023 Form 4 Insider Report for Planet Labs PBC (PL)

Role
Director
Signature
By: /s/ Shahla Hazratjee, Attorney-in-fact for: Niccolo de Masi
Issuer symbol
PL
Transactions as of
11 Jul 2023
Net transactions value
$0
Form type
4
Filing time
11 Jul 2023, 16:54:49 UTC
Previous filing
03 Jul 2023
Next filing
10 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award $0 +54,055 +109% $0.000000 103,577 11 Jul 2023 Direct F1
transaction PL Class A Common Stock Award $0 +40,541 +39% $0.000000 144,118 11 Jul 2023 Direct F2, F3
holding PL Class A Common Stock 3,048,165 11 Jul 2023 By Isalea Investments LP F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 54,055 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 40,541 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June, subject to continuous service through the vesting date. The RSUs represent annual retainer fees that the reporting person elected to receive in the form of RSUs in lieu of cash.
F3 Includes: (a) 40,541 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June; and (b) 54,055 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 the issuer's Class A Common Stock each and have no expiration date.
F4 Includes 3,011,400 shares of issuer's Class A Common Stock that Isalea Investments LP received as a pro rata distribution from dMY Sponsor IV, LLC which was exempt from the reporting requirements of Section 16.