secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-038075
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02, 8.01, 3.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526038075/0001193125-26-038075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526038075/pl-20260203.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-038075

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