Robert H. Schingler - Sep 7, 2023 Form 4 Insider Report for Planet Labs PBC (PL)

Signature
By:/s/ Shahla Hazratjee, Attorney-in-fact for: Robert H Schingler
Stock symbol
PL
Transactions as of
Sep 7, 2023
Transactions value $
-$19,173
Form type
4
Date filed
9/8/2023, 04:21 PM
Previous filing
Jun 16, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award +18K +3.37% 552K Sep 7, 2023 Direct F1, F2
transaction PL Class A Common Stock Tax liability -$19.2K -6.23K -1.13% $3.08 546K Sep 7, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of issuer's Class A Common Stock acquired upon the vesting of performance restricted stock units ("PSUs") that were received in lieu of the reporting person's cash bonus earned for the first half of fiscal year ending January 31, 2024 ("H1") under the issuer's Amended & Restated Annual Cash Incentive Plan. The reporting person elected to convert such cash bonus into PSUs representing 100% of the earned cash bonus amount for H1.
F2 Includes 511,737 restricted stock units ("RSUs") that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
F3 No shares were sold by the reporting person. This transaction represents shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of PSUs.