The simultaneous open-market sales by both the CFO and a co-founder/CSO, without a disclosed 10b5-1 plan, suggest a coordinated exit. Monitor for any upcoming earnings pre-announcement or material operational update that could explain the timing.
Price Chart
Executive Summary
Two top executives at Planet Labs sold a combined $1.83M in open-market sales on the same day, with the CFO selling $944K and the Co-Founder/CSO selling $886K. The Co-Founder also had a tax-withholding transaction earlier in the week. While the dollar value is modest relative to the company's market cap, the clustering of C-suite open-market sales on the same date is notable.
Key Financial Metrics
Key Facts
- President & CFO Ashley F. Johnson sold 55,700 shares at $16.96 for $944K on 2026-09-17.
- Co-Founder & Chief Strategy Officer Robert H. Schingler sold 52,240 shares at $16.96 for $886K on 2026-09-17.
- Schingler also had a tax-withholding transaction of 54,117 shares at $16.02 on 2026-09-15.
- Total open-market sales by two C-suite insiders: $1.83M.
- No 10b5-1 plan indicated for either sale.
Financial Impact
Total insider sales of $1.83M, representing approximately 0.56% of the company's $326M market cap.
Risk Factors
- Insiders may be selling ahead of weak quarterly results or a negative catalyst.
- Lack of disclosed 10b5-1 plans increases the likelihood of opportunistic selling.
- The stock has been volatile historically, with prior neutral reports showing large negative moves.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PL-1789798028178 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Insider Cluster | $13.59 | awaiting T+60 | — | $13.76 (+1.25%) |
Oct 15, 2026 11d ago | 144 | $13.56 | awaiting T+60 | — | $13.76 (+1.47%) |
Oct 13, 2026 13d ago | 144 | $14.13 | awaiting T+60 | — | $13.76 (−2.62%) |
Sep 17, 2026 5w ago | Insider Cluster | $16.42 | awaiting T+60 | — | $13.76 (+16.20%) |
Sep 17, 2026 5w ago | Insider Cluster | $16.42 | awaiting T+60 | — | $13.76 (+16.20%) |
Sep 3, 2026 7w ago | 8-K | $18.12 | awaiting T+60 | — | $13.76 (−24.06%) |
Jul 16, 2026 14w ago | Insider Cluster | $22.47 $15.96 | ▼ −28.97% | ▼ −33.66% | $13.76 (−38.76%) |
Jul 13, 2026 15w ago | Insider Cluster | $25.56 $17.75 | ▼ −30.56% | ▼ −33.93% | $13.76 (−46.17%) |
Jul 13, 2026 15w ago | Insider Cluster | $25.56 $17.75 | ▼ −30.56% | ▼ −33.93% | $13.76 (−46.17%) |
Jun 11, 2026 19w ago | Institutional Cluster | $34.17 $18.12 | ▼ −46.97% | ▼ −51.37% | $13.76 (−59.73%) |
US Market Status
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