Planet Labs co-founder, CEO, and Chairperson William Spencer Marshall sold 200,000 shares on July 10, 2026, for approximately $5.2 million. The transaction was executed under a Rule 10b5-1 trading plan adopted on July 12, 2025, which allows insiders to trade at predetermined times and is not considered discretionary. Following the sale, Marshall retains about 2.7 million directly held shares worth roughly $70.42 million, representing a 7% reduction in his direct equity position. The sale occurred after the stock had declined from a 52-week high of $51.76 on May 28, and amid broader sector momentum tied to the anticipated SpaceX IPO. Planet Labs recently reported record quarterly revenue of $94.2 million, a 42% year-over-year increase, but also announced a $1.5 billion at-the-market equity offering that pressured shares.
Planet Labs PBCCEO sold 200k shares, reducing his stake by 7%, and the company announced a $1.5B at-the-market equity offering that pressured shares.