secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001193125-26-014326
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 8.01, 3.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526014326/0001193125-26-014326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526014326/pl-20260113.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-014326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer