Planet Labs Co-founder and CEO William Spencer Marshall sold 200,000 shares. These shares were valued at approximately $5.18 million.
Co-founder and Chief Strategy Officer Robert Schingler sold 89,593 shares. These sales totaled around $2.32 million.
The transactions occurred on July 10, 2026. Reports of these sales emerged on July 14.
Executives executed both sales under Rule 10b5-1 trading plans. They adopted these plans in July 2025.
Planet Labs' stock has been under pressure. It experienced a continuous decline over the past eight trading days. This decline erased a significant portion of its market value.