Ashley F. Johnson - Feb 1, 2024 Form 4 Insider Report for Planet Labs PBC (PL)

Role
CFO & COO
Signature
By: /s/ Shahla Hazratjee, Attorney-in-fact for Ashley F. Johnson
Stock symbol
PL
Transactions as of
Feb 1, 2024
Transactions value $
-$2,310
Form type
4
Date filed
2/2/2024, 04:35 PM
Previous filing
Jan 8, 2024
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Sale -$2.31K -1K -0.12% $2.31 842K Feb 1, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale was made pursuant to a 10b5-1 plan adopted by the reporting person on January 24, 2023.
F2 Includes: (i) 653,331 restricted stock units ("RSUs") that vest in equal quarterly installments on the 15th of March, June, September and December; and (ii) 3,990 RSUs which vest in equal monthly installments on the 6th of every month. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.