Form 4: Planet Labs CEO William Marshall Reports Stock Transaction

Planet Labs CEO William Spencer Marshall reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.

Summary

• On September 15, 2024, William Spencer Marshall, Co-Founder and CEO of Planet Labs PBC, reported a transaction involving Class A Common Stock.
• The transaction involved the withholding of 69,370 shares by the issuer to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
• The price per share was $2.15.
• Following the transaction, Marshall beneficially owns 2,894,999 shares of Class A Common Stock, which includes 2,204,526 RSUs that vest in equal quarterly installments.
• The RSUs represent a contingent right to receive one share of the issuer's Class A Common Stock each and have no expiration date.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations on vested stock, so it's neutral in sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to tax obligations on vested stock.

Key Dates