secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001193125-26-020587
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 5.7M earnout shares after stock hits $19.00 trigger
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526020587/0001193125-26-020587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526020587/pl-20260121.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-020587

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