Director Carl Bass sold 376,748 shares of Planet Labs PBC at $15.67, cutting holdings by 54.3% to 317,530 shares.
Carl Bass, a director at Planet Labs, executed a substantial sale of 376,748 shares on 2025-10-06 at $15.67 per share, reducing his holdings by 54.3% from 694,278 shares to 317,530 shares. The sale occurred near the top of the 52-week range ($15.68), coinciding with significant recent momentum: the stock has appreciated 61.5% over 30 days and 136.4% over 90 days. However, this gain context must be weighed against the company's fundamental position: Planet Labs posted a net loss of $22,592,000 in its latest quarter and remains unprofitable on a full-year basis, despite showing 10.7% annual revenue growth to $73,386,000. The magnitude of the reduction in Bass's personal stake—eliminating more than half his position—marks a material change in his ownership exposure to the company.