Planet Labs (PL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for July 9, 2026, will be held virtually to increase participation and reduce costs.

• Shareholders will vote on director elections, auditor ratification, and executive compensation, with materials available online.

• Fiscal year 2026 revenue grew 26% to $307.7M, with adjusted EBITDA turning positive at $15.5M; net loss widened to $246.9M.

• Board is 78% independent, with all committees composed solely of independent directors.

Voting matters and shareholder proposals

• Proposals include re-election of three Class II directors, ratification of KPMG LLP as auditor, and a non-binding say-on-pay vote.

• Board recommends voting FOR all proposals.

• Shareholders may submit proposals for the 2027 meeting by January 27, 2027, and director nominations between March 11 and April 10, 2027.

Board of directors and corporate governance

• Board divided into three staggered classes; current directors have diverse backgrounds in technology, finance, and operations.

• Lead independent director presides over executive sessions; annual self-evaluations and charter reviews are conducted.

• Board committees include audit, compensation, and nominating/governance, each with written charters and independent members.

• No family relationships among directors or executive officers.