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Johnson, President and Chief Financial Officer ofPlanet Labs PBC(NYSE:PL), sold ~110,000 shares of Class A Common Stock on July 23, 2026, for a total value of $2.4 million, according to anSEC Form 4 filing.
Post-transaction shares (indirectly held) Transaction value based on SEC Form 4 weighted average sale price ($22.08); post-transaction value based on July 23, 2026 market close ($22.36).
What is the context for this transaction?The sale was conducted as part of routine portfolio management under a Rule 10b5-1 trading plan established on April 23, 2026.
This regulatory framework allows insiders to schedule stock sales in advance to avoid concerns regarding the possession of material non-public information.
How has the company performed financially leading up to this trade?Planet Labs reported a 226% one-year return as of the July 23, 2026 transaction date.
During the most recent trailing-twelve-month period, the company generated $335.6 million in revenue while recording a net loss of $373.1 million.
What is the status of the executive's remaining equity position?Following this transaction, Johnson retains a significant interest in the company, including ~1.1 million shares held directly and ~561,000 shares held indirectly through a revocable trust.
The directly held position includes 1,132,122 restricted stock units (RSUs) that are scheduled to vest in quarterly installments through December.
Share Price (as of market close 2026-07-23) Planet Labs designs, deploys, and operates extensive satellite constellations that deliver frequent, high-resolution geospatial imagery and data to customers worldwide through a proprietary cloud-native platform.
The company generates revenue through subscription-based access to its satellite imagery and geospatial analytics platform, leveraging its proprietary technology stack to process and integrate temporal data for advanced analytical applications.
Planet Labs serves government agencies, commercial enterprises, and institutional customers requiring real-time geospatial intelligence for applications spanning agriculture, urban planning, disaster response, and defense and security operations.
Planet Labs PBC operates as a leading provider of frequent, global geospatial data through its constellation of Earth-imaging satellites.
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