Planet Labs issues 5.7M earnout shares after stock hits $19.00 trigger

Planet Labs PBC

Issued 5,133,294 Class A and 584,052 Class B shares on Jan 21, 2026 under earnout provisions.
Trigger: closing price of Class A common stock exceeded $19.00 for 20 of 30 trading days.
Post-issuance outstanding: 312,231,396 Class A and 22,909,742 Class B shares.
Sponsor earnout: 75% of 862,500 shares and 2,966,667 warrants vested (hit $15, $17, $19 thresholds).
Remaining unvested earnout subject to $21.00 trigger or forfeiture five years from Closing.

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