# EDGAR Filing Document

**Accession Number:** 0001836833
**File Stem:** 0001193125-26-014326
**Filing Date:** 2026-1
**Character Count:** 8882
**Document Hash:** 6c734ce801f46f06dfb66ad0ca75595b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-014326.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001193125-26-014326

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20260113

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260115

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Planet Labs PBC
- **CENTRAL INDEX KEY:** 0001836833
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40166
- **FILM NUMBER:** 26537308

**BUSINESS ADDRESS:**
- **STREET 1:** 645 HARRISON STREET
- **STREET 2:** FLOOR 4
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
- **BUSINESS PHONE:** (415) 829-3313

**MAIL ADDRESS:**
- **STREET 1:** 645 HARRISON STREET
- **STREET 2:** FLOOR 4
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** dMY Technology Group, Inc. IV
- **DATE OF NAME CHANGE:** 20201216

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

------

## FORM 8-K

------

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** January 13, 2026<br>

------

Planet Labs PBC

**(Exact name of Registrant as Specified in Its Charter)**

------

---

| | | |
|:---|:---|:---|
| California | 001-40166 | 85-4299396 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 645 Harrison Street, Floor 4 |  |  |
| San Francisco**,** California |  | 94107 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** 415 829-3313<br>

N/A<br>

**(Former Name or Former Address, if Changed Since Last Report)**

------

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Class A Common Stock, par value $0.0001 per share | PL | New York Stock Exchange |
| Warrants to purchase Class A Common Stock, at an exercise price of $11.50 per share | PL WS | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

## Item 3.02 Unregistered Sale of Equity Securities
To the extent applicable, the information contained in Item 8.01 below related to the issuance of the Class B Shares (as defined below) is hereby incorporated by reference into this Item 3.02. Planet Labs PBC, a Delaware public benefit corporation (f/k/a dMY Technology Group, Inc. IV, the "Company") issued the Class B Shares in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.

**Item 3.03 Material Modifications to Rights of Security Holders.**

To the extent applicable, the information contained in Item 8.01 below related to the issuance of the Class B Shares is hereby incorporated by reference into this Item 3.03.

**Item 8.01 Other Events.**

*Issuance of Certain Earnout Shares*

As previously disclosed, the terms of the Agreement and Plan of Merger, dated July 7, 2021 (the "Merger Agreement"), by and among the Company, Photon Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company, Photon Merger Sub Two, LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Company, and Planet Labs Inc. ("Legacy Planet"), contemplated the potential issuance of shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") to former qualifying securityholders of Legacy Planet (such shares, the "Contingent Consideration"). The Contingent Consideration of up to 27 million shares of common stock of the Company could be earned in four equal tranches (x) if the closing price of the Company's Class A Common Stock equals or exceeds $15.00, $17.00, $19.00 and $21.00, over any 20 trading days within any 30 day trading period prior to the fifth anniversary of the closing of the transactions contemplated by the Merger Agreement (the "Closing") or (y) if the Company consummates a change of control transaction that entitles its stockholders to receive a per share consideration of at least $15.00, $17.00, $19.00 and $21.00. Any right to Contingent Consideration that remains unvested on the first business day after five years from Closing will be forfeited without any further consideration.

On January 13, 2026 the Company issued an aggregate of 10,286,172 shares (the "Class A Shares") of Class A Common Stock and 1,168,104 shares (the "Class B Shares" and, together with the Class A Shares, the "Earnout Shares") of Class B Common Stock as a result of the closing price of the Class A Common Stock equaling or exceeding $15.00 and $17.00, respectively, for 20 out of 30 trading days preceding the issuance of the Earnout Shares.

All newly issued Class A Shares confer the same rights as all other outstanding shares of Class A Common Stock. All newly issued Class B Shares confer the same rights as all other outstanding shares of Class B Common Stock, including conferring 20 votes per share of Class B Common Stock and being subject to certain transfer restrictions and sunset provisions, each as more fully described in the Company's restated certificate of incorporation and bylaws.

Following the issuance of the Earnout Shares on January 13, 2026, the Company had 306,262,586 shares of Class A Common Stock and 22,325,690 shares of Class B Common Stock outstanding.

*Partial Vesting of Sponsor Earnout Securities*

Additionally, pursuant to the Lockup Agreement, dated December 7, 2021 (the "Lockup Agreement"), by and among the Company, dMY Sponsor IV, LLC, a Delaware limited liability company (the "Sponsor") and the Stockholder Parties (as defined in the Lockup Agreement), the Sponsor agreed that 862,500 shares of Class A Common Stock ("Sponsor Earnout Shares") and 2,966,667 warrants to purchase Class A Common Stock ("Sponsor Earnout Warrants"), in each case held by the Sponsor immediately following Closing, would be unvested and vest in four equal tranches when the closing price of Class A Common Stock equals or exceeds $15.00, $17.00, $19.00 and $21.00, respectively, over any 20 trading days within any 30 day trading period prior to the fifth anniversary of the Closing. The Sponsor Earnout Securities that remain unvested on the first business day after five years from Closing will be cancelled by New Planet and will no longer be issued and outstanding.

The vesting condition has been satisfied with respect to 50% of the Sponsor Earnout Shares and 50% of the Sponsor Earnout Warrants as a result of the closing price of the Class A Common Stock equaling or exceeding $15.00 and $17.00, respectively, for 20 out of 30 trading days.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **Planet Labs PBC** |
| Date: | January 15, 2026 | By:  | /s/ Ashley Johnson |
|  |  |  | Ashley Johnson<br>President and Chief Financial Officer |

---

------