Planet Labs issues ~5.8M earnout shares as stock price hits $21 milestone; all contingent consideration fully earned

Planet Labs PBC

Issued 5,171,222 Class A and 584,054 Class B shares on Feb 3, 2026 after stock price exceeded $21.00 for 20 of 30 trading days.
All up to 27M shares of contingent consideration from 2021 merger are now fully earned; no further earnout shares remain.
Sponsor's 862,500 earnout shares and 2,966,667 earnout warrants fully vested.
Post-issuance outstanding: 317,596,228 Class A shares and 23,493,796 Class B shares.

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