William Spencer Marshall - 13 Jan 2026 Form 4 Insider Report for Planet Labs PBC (PL)

Role
Co-Founder and CEO, Director
Signature
/s/ LeeAnn Linck, Attorney-in-fact for: William Spencer Marshall
Issuer symbol
PL
Transactions as of
13 Jan 2026
Net transactions value
-$3,051,617
Form type
4
Filing time
15 Jan 2026, 18:19:50 UTC
Previous filing
30 Dec 2025
Next filing
23 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Marshall William Spencer Co-Founder and CEO, Director C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO /s/ LeeAnn Linck, Attorney-in-fact for: William Spencer Marshall 15 Jan 2026 0001898468

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PL Class A Common Stock Options Exercise $0 +247,794 +8.7% $0.000000 3,082,284 13 Jan 2026 Direct
transaction PL Class A Common Stock Tax liability $3,051,617 -120,522 -3.9% $25.32 2,961,762 13 Jan 2026 Direct F1

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 Options Exercise $0 -247,794 -50% $0.000000 247,797 13 Jan 2026 Class A Common Stock 247,794 Direct F2
transaction PL Earnout - Class B Shares Options Exercise $0 -584,052 -50% $0.000000 584,053 13 Jan 2026 Class B Common Stock 584,052 Direct F2
transaction PL Class B Common Stock Options Exercise $0 +584,052 +5.5% $0.000000 11,162,845 13 Jan 2026 Class A Common Stock 584,052 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,069,641 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.
F2 Represents the issuance of earnout shares as a result of the achievement of the $15.00 and $17.00 stock price thresholds. The remaining earnout shares will vest in two substantially equal installments if the closing price of the Class A Common Stock equals or exceeds $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 $19.00 and $21.00.
F3 Shares of Class B Common Stock may be converted into shares of Class A Common Stock, on a one-to-one basis, at the option of the holder at any time and have no expiration date.