Director Kristen Robinson disposed of 47,835 shares of Planet Labs PBC (NYSE:PL) in an open-market sale on Jan. 21, 2026, for a total approximate value of ~$1.3 million, according to a SEC Form 4 filing.
Metric
Value
Shares sold (indirect)
47,835
Transaction value
$1.3 million
Post-transaction shares (direct)
37,107
Post-transaction shares (indirect)
222,897
Post-transaction value (direct ownership)
~$978,883
Transaction value based on SEC Form 4 weighted average purchase price ($26.96); post-transaction value based on Jan. 21, 2026 market close ($26.38).
How does the sale compare to Robinson’s historical trading activity?
This is the first open-market sale reported by Robinson for Planet Labs PBC, as prior Form 4 filings over the past two years consisted solely of administrative entries without share disposals.
What is the remaining ownership position for Robinson after this transaction?
Following the sale, Robinson retains 37,107 shares in direct ownership and 222,897 shares in indirect ownership.
Metric
Value
Revenue (TTM)
$282.46 million
Net income (TTM)
-$129.56 million
1-year price change
350%
* 1-year performance calculated as of Jan. 31, 2026.
Planet Labs PBC designs, builds, and operates satellite constellations to deliver high-frequency geospatial data and analytics, serving sectors such as agriculture, mapping, forestry, finance, and government. With over 800 employees and a robust satellite infrastructure, it positions itself as a leading provider of high-cadence earth observation data. The company leverages proprietary cloud-native technology to harmonize and analyze satellite imagery, enabling actionable insights across diverse industries, especially in aerospace and defense.
It’s important to note that the filing shows shares were disposed of directly before the indirect sale, but that was part of a transfer of shares into the trust. While it’s not clear why Robinson chose Jan. 21 for her first-ever reported sale of insider shares, it came at a good time, as the stock has been skyrocketing.
Planet Labs’ share prices soared approximately 381% in 2025, and increased 26% in the month of January 2026. While the company’s still operating with a net loss, that shouldn’t be too concerning for investors, as it still hasn’t been five years since it went public, which is not too uncommon for companies that young on the market to be operating at a net loss. Especially when you consider that the stock is performing well and the space-data provider continues to grow.
Earlier in January, the firm announced a 9-figure deal with Sweden’s Armed Forces, under which it will provide outer space data to support safety and security operations. Planet Labs PBC looks very well primed for long-term growth.
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Adé Hennis has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Planet Labs PBC Director Sells 47K Shares Worth Over $1 Million was originally published by The Motley Fool