---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-038075"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:32:13.539116+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-038075
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 8.01, 3.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000119312526038075/0001193125-26-038075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526038075/pl-20260203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-038075
- JSON: https://secwatch.observer/filing/0001193125-26-038075.json
- Plain text: https://secwatch.observer/filing/0001193125-26-038075.txt

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