---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-014326"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2026-01-16T23:59:59+00:00"
generated_at: "2026-05-16T09:56:17.014602+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Planet Labs issues ~11.5M earnout shares as stock hits $15 and $17 thresholds

## Summary
- Issued 10,286,172 Class A and 1,168,104 Class B shares on Jan 13, 2026, upon earning $15/$17 price tranches.
- Total shares outstanding: 306,262,586 Class A and 22,325,690 Class B after issuance.
- Sponsor vested 50% of 862,500 earnout shares and 50% of 2,966,667 earnout warrants due to same price conditions.
- Remaining earnout tranches at $19 and $21 per share; unvested portions forfeit after 5-year anniversary.
- Earnout shares originated from 2021 merger agreement with legacy Planet Labs.

## SEC filing metadata
- accession: 0001193125-26-014326
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2026-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 8.01, 3.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000119312526014326/0001193125-26-014326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526014326/pl-20260113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-014326
- JSON: https://secwatch.observer/filing/0001193125-26-014326.json
- Plain text: https://secwatch.observer/filing/0001193125-26-014326.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.