Form 4: Planet Labs Co-Founder Robert Schingler Gifts 55k Shares
Statement of Changes in Beneficial Ownership
Planet Labs PBC Co-Founder and Chief Strategy Officer Robert Schingler reported a bona fide gift of 55,000 shares of Class A Common Stock.
Summary
- Robert H. Schingler, Co-Founder and Chief Strategy Officer of Planet Labs PBC, transferred 55,000 shares of Class A Common Stock via a bona fide gift.
- The transaction occurred on April 22, 2026.
- The shares were held indirectly through the Ulysses Trust 02021.1.
- Following the transaction, the reporting person maintains direct ownership of 992,933 shares and indirect ownership of 201,488 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a non-market gift and does not signal a change in the insider's outlook on the company.
Positives
- The transaction was a charitable or personal gift rather than a market-based divestment, indicating no change in the insider's long-term confidence in the company.
Negatives
- Reduction in the total number of shares held indirectly by the reporting person.
Risks
- None identified; this is a routine disclosure of a non-market transaction.
Future Outlook
Not applicable as this is a retrospective disclosure of a gift transaction.
Industry Context
StockSavvy.ai notes that insider gift filings are standard corporate governance disclosures and generally do not reflect changes in operational strategy or market sentiment regarding the company's performance.
Comparison to Industry Standards
- The filing follows standard SEC Section 16(a) reporting requirements for executive officers and directors.
Related Party Transactions
- The shares were transferred from the Ulysses Trust 02021.1, an entity associated with the reporting person.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a gift and not a sale on the open market.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 2021-02-26 | Date of establishment for the Ulysses Trust 02021.1. |
| 2026-04-22 | Date of the reported gift transaction. |
| 2026-04-24 | Date of filing for the Form 4. |
Keywords
Planet Labs, PL, Insider Trading, Form 4, Robert Schingler, Equity Ownership
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