The insider sales are too small relative to market cap to signal bearish conviction. Monitor for any upcoming earnings or business update that could have triggered the sales. Given the poor historical predictive performance on PL, this cluster alone does not warrant a trading action.
Price Chart
Executive Summary
Co-founder and CEO Marshall William Spencer and co-founder and Chief Strategy Officer Schingler Robert H sold a combined $5.83M in open-market shares on July 10, 2026. At $5.83M, this represents only ~0.063% of Planet Labs' $9.3B market cap, making the cluster economically trivial. The selling is not accompanied by any material corporate event, earnings, or agreement in the provided context.
Key Financial Metrics
Key Facts
- CEO Marshall William Spencer sold 200,000 shares for $5.18M (open-market) on July 10, 2026.
- Chief Strategy Officer Schingler Robert H sold 25,000 shares for $648,000 (open-market) on July 10, 2026.
- Total cluster open-market sales: $5.83M, or ~0.063% of the $9.3B market cap.
- No other open-market activity in the cluster; all other transactions in the 7-day window were non-cash grants or a director's small sale.
- Historical report performance on PL shows a 30% win rate at T+20 and average alpha of -6.65% — past calls have been weakly predictive.
Financial Impact
Trivial insider selling relative to market cap — $5.83M vs. $9.3B market cap (0.06%). C-suite participation is notable but dollar amount is immaterial.
Risk Factors
- Insiders may continue selling at higher volumes if they perceive the stock is overvalued.
- No cross-filing context (earnings, M&A, or catalysts) is provided, limiting the ability to link selling to a specific event.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PL-1784103209798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | 8-K | $18.12 $17.81 | ▼ −1.71% | ▼ −1.16% | $17.34 (−4.28%) |
Jul 16, 2026 11w ago | Insider Cluster | $22.09 $22.47 | ▲ +1.72% | ▲ +2.71% | $17.34 (−21.48%) |
Jul 14, 2026 11w ago | Insider Cluster | $25.56 $24.90 | ▼ −2.58% | ▼ −2.98% | $17.34 (−32.14%) |
Jul 14, 2026 11w ago | Insider Cluster | $25.56 $24.90 | ▼ −2.58% | ▼ −2.98% | $17.34 (−32.14%) |
Jun 11, 2026 16w ago | Institutional Cluster | $34.17 $31.15 | ▼ −8.84% | ▼ −9.38% | $17.34 (−49.24%) |
Jun 5, 2026 17w ago | 8-K | $32.22 $32.74 | ▼ −1.61% | ▼ −1.39% | $17.34 (+46.17%) |
Jun 5, 2026 17w ago | 424B5 | $32.22 $32.74 | ▼ −1.61% | ▼ −1.39% | $17.34 (+46.17%) |
Jun 5, 2026 17w ago | S-3ASR | $32.22 $32.74 | ▲ +1.61% | ▲ +1.39% | $17.34 (−46.17%) |
Jun 5, 2026 17w ago | 10-K/A | $32.22 $32.74 | ▲ +1.61% | ▲ +1.39% | $17.34 (−46.17%) |
Jun 4, 2026 17w ago | 8-K | $32.22 $32.74 | ▲ +1.61% | ▲ +1.39% | $17.34 (−46.17%) |
US Market Status
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