---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-020587"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:30:03.493802+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 5.7M earnout shares after stock hits $19.00 trigger

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-020587
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2026-01-23T23:59:59+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/1836833/000119312526020587/0001193125-26-020587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526020587/pl-20260121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-020587
- JSON: https://secwatch.observer/filing/0001193125-26-020587.json
- Plain text: https://secwatch.observer/filing/0001193125-26-020587.txt

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