Planet Labs Co-Founder and Chief Strategy Officer Robert H. Schingler sold 89,593 shares of the company for approximately $2.3 million at a weighted average price of $25.92 per share on July 10, 2026. The sale, which reduced his total equity holdings by 8%, was executed under a pre-arranged Rule 10b5-1 trading plan adopted on July 14, 2025. Of the shares sold, 64,593 were directly held and 25,000 were indirectly held through the Ulysses Trust 02021.1, which retains 225,171 shares post-transaction. Following the sale, Schingler continues to hold roughly 1.1 million shares across direct and indirect accounts, representing a 0.3200% ownership stake in the company.
Planet Labs PBCCo-founder sold 89,593 shares for $2.3M, reducing holdings by 8%, signaling insider selling.