Co-founder Robert Schingler of Planet Labs PBC sold 73,782 shares in an open-market transaction on Dec. 26, 2025, totaling around $1.4 million. This represented 5.96% of his direct holdings. Following the sale, he transferred an additional 330,171 shares to Ulysses Trust 02021.1. This was his second sale in the past year, consistent with previous transaction sizes. Planet Labs saw a significant increase in its stock price to a 52-week high of $20.99, driven by new government contracts that boosted revenue to a record $81.3 million in the fiscal third quarter. This sale is not a cause for concern but may be a good time for shareholders to sell, given the current stock performance.

Read more at Nasdaq: Is Planet Labs Stock a Buy or Sell After Its Co-Founder Sold Shares Worth $1.4 Million?