Form 4: Planet Labs CEO William Marshall Reports Stock Transaction
SEC Form 4 Filing
William Spencer Marshall, Co-Founder and CEO of Planet Labs PBC, reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On June 15, 2024, William Spencer Marshall, the Co-Founder and CEO of Planet Labs PBC, reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 64,531 shares by the issuer to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $1.85.
- Following the transaction, Marshall beneficially owns 2,907,196 shares, which includes 2,385,386 RSUs that vest in equal quarterly installments on the 15th of March, June, September, and December.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently convey positive or negative 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.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of the stock transaction (tax withholding for RSU vesting). |
| 06/17/2024 | Date of signature for the Form 4 filing. |
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