Form 4: Planet Labs PBC Executive Robert Schingler Reports Stock Transaction
SEC Form 4 Filing
Robert Schingler, Co-Founder and Chief Strategy Officer of Planet Labs PBC, reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On June 15, 2024, Robert H Schingler, Co-Founder and Chief Strategy Officer of Planet Labs PBC, reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 28,318 shares by the issuer to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
- The price per share was $1.85.
- Following the transaction, Schingler beneficially owns 1,218,912 shares, which includes 1,054,008 RSUs vesting quarterly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding their holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of the stock transaction (tax withholding). |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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