Form 4: Planet Labs CFO Ashley F. Johnson Sells 1,000 Shares of Class A Common Stock
SEC Form 4 Filing
Ashley F. Johnson, CFO & COO of Planet Labs PBC, sold 1,000 shares of Class A Common Stock at a price of $2.18 per share on March 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 1, 2024, Ashley F. Johnson, the CFO & COO of Planet Labs PBC, sold 1,000 shares of Class A Common Stock.
- The sale was executed at a price of $2.18 per share.
- The transaction was made pursuant to a pre-arranged 10b5-1 trading plan adopted on January 24, 2023.
- Following the transaction, Johnson directly owns 838,882 shares of Class A Common Stock, which includes 653,331 restricted stock units (RSUs) that vest quarterly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.
Key Dates
| Date | Description |
|---|---|
| 01/24/2023 | Date the reporting person adopted the 10b5-1 plan |
| 03/01/2024 | Date of the transaction (sale of shares) |
| 03/04/2024 | Date of the Form 4 filing |
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