Johnson Ashley F. 4

4 · Planet Labs PBC · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 23, 2026

Planet Labs CFO Ashley Johnson Receives 51,398 Shares

What Happened

Ashley F. Johnson, President & CFO of Planet Labs PBC (PL), received 51,398 shares on 2026-03-19 upon the vesting of performance restricted stock units (PSUs). Those award shares were reported at $0.00 acquisition price.
Simultaneously, 28,244 shares were withheld by the issuer to cover the tax withholding obligation related to the vesting; the withholding is reported at $26.96 per share, totaling approximately $761,458. This withholding is not a market sale by the insider.

Key Details

Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed 4 days after the transaction date).
Award: 51,398 shares (PSUs) acquired at $0.00 (code A).
Tax withholding: 28,244 shares withheld at $26.96 per share, value ≈ $761,458 (code F); no open-market sale.
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes:
- F1: PSUs were issued in lieu of the reporting person’s cash bonus for H2 of fiscal 2026; the reporting person elected conversion at 125% of the earned cash bonus.
- F2: Withholding represents issuer-retained shares to satisfy tax withholding; not a sale by the insider.
- F3: The reporting person also holds RSUs (1,298,687) that vest quarterly and represent future rights to Class A shares.

Context

This was an award/vesting event and a routine tax-withholding disposition — common when restricted stock or PSUs vest. The withholding reduces the insider’s issued share count but does not indicate an open-market sale or change in conviction.
The filing was submitted on 2026-03-23 for a 2026-03-19 transaction; that timing appears later than the usual two-business-day Form 4 deadline.

Form 4

Period: 2026-03-19

President & CFO

Transactions

Award
Class A Common Stock
[F1]
2026-03-19+51,398→ 2,123,406 total
Tax Payment
Class A Common Stock
[F2][F3]
2026-03-19$26.96/sh−28,244$761,458→ 2,095,162 total

Footnotes (3)

[F1]Represents shares acquired upon the vesting of performance restricted stock units ("PSUs") that were received in lieu of the Reporting Person's cash bonus earned for the second half of fiscal year ending January 31, 2026 ("H2") under the Issuer's Amended & Restated Annual Cash Incentive Plan. The Reporting Person elected to convert such cash bonus into PSUs representing 125% of the earned cash bonus amount for H2.
[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 PSUs.
[F3]Includes 1,298,687 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.

Signature

/s/LeeAnn Linck, Attorney-in-fact for: Ashley F. Johnson|2026-03-23

1 file