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Planet Labs PBC — Director's Dealing 2024
Sep 11, 2024
31183_dirs_2024-09-11_18b98728-6ba1-4ce3-b039-e1c9d34a4710.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Planet Labs PBC (PL)
CIK: 0001836833
Period of Report: 2024-09-09
Reporting Person: Johnson Ashley F. (President & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-09 | Class A Common Stock | A | 50400 | — | Acquired | 1942218 | Direct |
| 2024-09-09 | Class A Common Stock | F | 26551 | $1.92 | Disposed | 1915667 | Direct |
Footnotes
F1: Represents shares acquired upon the vesting of performance restricted stock units ("PRSUs") that were received in lieu of the Reporting Person's cash bonus earned for the first half of fiscal year ending January 31, 2025 ("H1") under the Issuer's Amended & Restated Annual Cash Incentive Plan. The Reporting Person elected to convert such cash bonus into PRSUs representing 100% of the earned cash bonus amount for H1.
F2: No shares were sold by the reporting person. This transaction represents shares of issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs").
F3: Includes 1,607,749 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.