William Spencer Marshall, Co-Founder and CEO of Planet Labs PBC, filed a Form 4 on September 18, 2026, disclosing the disposition of 80,000 shares of Class A Common Stock via a bona fide gift at no price.

Key Highlights

  • Transaction type: 80,000 shares of Class A Common Stock disposed of (transaction code G) on September 18, 2026
  • Price: $0.00, reported as a bona fide gift with no value received for the gifted shares
  • Remaining direct ownership: 2,488,473 shares of Class A Common Stock following the transaction
  • RSUs included: 1,693,566 RSUs are included in the post-transaction beneficial ownership figure, vesting in equal quarterly installments on the 15th of March, June, September, and December
  • Reporting person's role: Director and Co-Founder and CEO of Planet Labs PBC
  • Issuer and ticker: Planet Labs PBC, trading as NYSE:PL

Planet Labs CEO Discloses Share Gift and Post-Transaction Beneficial Ownership

According to the Form 4 filed with the U.S. Securities and Exchange Commission, William Spencer Marshall, Co-Founder and CEO of Planet Labs PBC (NYSE:PL), disposed of 80,000 shares of the company's Class A Common Stock on September 18, 2026. The filing states that the transaction was a bona fide gift and that "no value was received for the gifted shares," which is why the reported price is $0.00. The transaction is recorded under transaction code G, indicating a gift rather than an open-market sale.

Following the reported transaction, Marshall directly beneficially owns 2,488,473 shares of Class A Common Stock, according to the filing. The filing notes that this total includes 1,693,566 RSUs "that remain to vest in equal quarterly installments on the 15th of March, June, September and December." The filing further describes these RSUs as representing "a contingent right to receive one share of Issuer's Class A Common Stock each" with no expiration date. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by LeeAnn Linck as attorney-in-fact for William Spencer Marshall, with a signature date of September 18, 2026. Marshall is identified in the filing as both a Director and an Officer (Co-Founder and CEO) of Planet Labs PBC, and the form was filed by one reporting person. No amendment date was listed, indicating this is an original filing.

What Was Disclosed

The filing discloses a gift of 80,000 Class A Common Stock shares by Planet Labs PBC's Co-Founder and CEO on September 18, 2026, at $0.00, leaving him with direct beneficial ownership of 2,488,473 shares, including 1,693,566 unvested RSUs.