Ashley F. Johnson - Mar 27, 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
Mar 27, 2024
Transactions value $
-$49,276
Form type
4
Date filed
3/28/2024, 04:29 PM
Previous filing
Mar 21, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Award $0 +36.7K +1.89% $0.00 1.98M Mar 27, 2024 Direct F1, F2
transaction PL Class A Common Stock Tax liability -$49.3K -19.3K -0.98% $2.55 1.96M Mar 27, 2024 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 second half of fiscal year ending January 31, 2024 ("H2") 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 H2.
F2 Includes: 1,731,501 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December.
F3 No shares were sold by the reporting person. This transaction represents shares of issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of PSUs.