Form 4: Planet Labs CEO Gifts 200,000 Shares of Class A Common Stock
Insider Transaction Report
Planet Labs PBC Co-Founder and CEO, William Spencer Marshall, reported a gift of 200,000 shares of Class A Common Stock, reducing his direct beneficial ownership.
Summary
- William Spencer Marshall, Co-Founder and CEO of Planet Labs PBC, reported a transaction involving Class A Common Stock.
- On July 14, 2025, 200,000 shares of Class A Common Stock were disposed of via a bona fide gift.
- No monetary value was received for the gifted shares, as it was not a market transaction.
- Following this transaction, William Spencer Marshall beneficially owns 3,460,277 shares of Class A Common Stock.
- This total includes 2,549,732 Restricted Stock Units (RSUs) that are yet to vest in equal quarterly installments on the 15th of March, June, September, and December.
Sentiment
Score: 5
Explanation: The transaction is a gift, which is a personal decision and not indicative of company performance or management's confidence in the stock in the same way a sale would be. It is generally neutral for company sentiment.
Future Outlook
NA
Management Comments
- William Spencer Marshall, Co-Founder and CEO, executed a bona fide gift of 200,000 shares of Class A Common Stock.
Industry Context
NA
Stakeholder Impact
- Shareholders will note a reduction in the direct beneficial ownership of Class A Common Stock by the Co-Founder and CEO due to a gift, though his overall beneficial ownership remains substantial.
Next Steps
- Remaining Restricted Stock Units (RSUs) will vest in equal quarterly installments on the 15th of March, June, September, and December.
Key Dates
| Date | Description |
|---|---|
| 07/14/2025 | Date of transaction for the disposition of Class A Common Stock. |
| 07/15/2025 | Date the Statement of Changes in Beneficial Ownership (Form 4) was signed. |
| March 15 | Quarterly vesting date for remaining Restricted Stock Units (RSUs). |
| June 15 | Quarterly vesting date for remaining Restricted Stock Units (RSUs). |
| September 15 | Quarterly vesting date for remaining Restricted Stock Units (RSUs). |
| December 15 | Quarterly vesting date for remaining Restricted Stock Units (RSUs). |
Keywords
Planet Labs, PL, William Spencer Marshall, insider transaction, Form 4, stock gift, CEO, beneficial ownership
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