Planet Labs CEO's Stake in the Company Drops by Over 100,000 Shares Worth $2.2 Million
Key PointsThe filing reports the sale of ~135,000 shares at $16.02 per share, representing a total transaction value of ~$2.2 million on September 15, 2026.
In a recent SEC Form 4 filing on September 15, 2026, Planet Labs CEO William Spencer Marshall disclosed the sale of 134,642 shares, valued at $2.2 million based on the weighted average sale price of $16.02 per share. This transaction represents a significant reduction in Marshall's stake in the company, which has demonstrated strong market momentum with trailing 12-month revenue of $378.3 million as of September 2026.
The company, a leading provider of frequent, global geospatial data from its proprietary satellite constellation, serves a diverse range of institutional customers across defense, intelligence, agriculture, and commercial sectors.
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