Open for claimsSecuritiesdMY IV Stockholder Settlement
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An $11 million proposed settlement concerns stockholder claims over the merger of dMY Technology Group, Inc. IV with Planet Labs. To receive a payment, an eligible claimant must file a valid proof of claim by January 9, 2027. Legibly postmarked mailed claims are treated as received on the postmark date.
The class covers specified holders during December 1–7, 2021, but payment eligibility is narrower: eligible shares were held immediately after 5:00 p.m. Eastern on December 1, 2021 and were not submitted for redemption in the merger. Payments depend on the allocation formula, valid claims and deductions; no fixed per-person amount is guaranteed.
The court has preliminarily certified the class for settlement purposes. Final approval is still required; defendants deny wrongdoing. This is a non-opt-out class, so class members cannot exclude themselves.
Key facts
- Claim deadline
- January 9, 2027; online submission or mail received, with legible postmark treated as receipt
- Settlement fund
- $11 million before approved deductions
- Payment
- Pro rata share based on eligible shares and calculated Total Loss
- Proof
- Signed claim and brokerage holdings/transaction records
- Case
- Montealegre v. You, C.A. No. 2024-0869-BWD
Official settlement administrator: JND Legal Administration
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
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the Court has not yet decided whether to approve the Settlement.
Current official noticePDF p4 paragraph3; whitespace normalized
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Eligible Class Members must submit a Proof of Claim and Release such that it is submitted online or postmarked no later than January 9, 2027
Current official noticePDF p2 rights table; whitespace normalized
Who qualifiesChecked
All record and beneficial holders of dMY Technology Group, Inc. IV (“dMY IV”) Class A Common Stock who held such shares at any time during the Class Period (between 5:00 PM ET on December 1, 2021 and the closing of the Merger on December 7, 2021)
Current official noticePDF p8 paragraph40; whitespace normalized
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Eligible Class Members are those Class Members who held dMY IV Class A Common Stock immediately after the Redemption Deadline, i.e., December 1, 2021, at 5:00 pm ET, that was not submitted for redemption in connection with the Merger.
Current official noticePDF p11 paragraph53; whitespace normalized
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excluding: (i) Defendants; (ii) members of the immediate family of any Individual Defendant; (iii) any parent, subsidiary, or affiliate of any entity Defendant; (iv) any entity in which any Defendant or any other Excluded Person, or group of Excluded Persons, has, or had during the Class Period a controlling interest; and (v) the legal representatives, agents, affiliates, heirs, estates, successors, or assigns of any such Excluded Persons.
Current official noticePDF p8 paragraph40; whitespace normalized
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The Class is a non-opt-out class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.
Current official noticePDF p8 paragraph40; whitespace normalized
Payment and benefitsChecked
Defendants shall pay the Settlement Amount ($11,000,000.00)
Current official noticePDF p8 paragraph41; whitespace normalized
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The Net Settlement Fund shall be distributed to Eligible Class Members on a pro rata basis based on the relative size of the Eligible Class Member’s Total Losses.
Current official noticePDF p12 paragraph56; whitespace normalized
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If the Eligible Class Member’s Claimed Distribution Amount calculates to less than $10.00, it will not be included in the calculation, and no distribution will be made to that Eligible Class Member
Current official noticePDF p12 paragraph56; whitespace normalized
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The Nominal Amount shall be $0.10 per share for each Eligible Share.
Current official noticePDF p11 paragraph54(d); paragraphs54(a)-(c) supply sale and holding calculations; whitespace normalized
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The Total Loss for each Eligible Share, held as of the close of trading on August 19, 2024, shall be $7.16 per share
Current official noticePDF p11 paragraph54(c), before additional Nominal Amount; whitespace normalized
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the Settlement Amount plus any interest accrued thereon after its deposit in the Escrow Account less: (i) any Taxes or Tax Expenses, (ii) any Notice and Administration Costs, (iii) any Fee and Expense Award awarded by the Court, and (iv) any other costs or fees approved by the Court
Current official noticePDF p10 paragraph47; whitespace normalized
Proof requirementsChecked
THIS CLAIM MUST BE FILED BY THE ACTUAL BENEFICIAL HOLDER OR THE LEGAL REPRESENTATIVE OF SUCH HOLDER OF THE SHARES UPON WHICH THIS CLAIM IS BASED.
Official claim formPDF p2 claimant identification; whitespace normalized
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All joint holders must sign this claim.
Official claim formPDF p2 claimant identification; whitespace normalized
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Copies of stockbroker confirmation slips, stockbroker statements, or other documents evidencing: (i) your holdings of dMY IV Class A Common Stock as of the close of the market on December 1, 2021; (ii) your subsequent purchases and sales of dMY IV Class A Common Stock or New Planet Common Stock through August 19, 2024; and (iii) your holdings of New Planet Common Stock as of the close of the market on August 19, 2024 should be attached to your claim.
Official claim formPDF p3 claim form instructions; whitespace normalized
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The last four digits of the Social Security Number (or Taxpayer Identification Number) and telephone number of the beneficial owner may be used in verifying the claim.
Official claim formPDF p2 claimant identification; whitespace normalized
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YOUR PROOF OF CLAIM AND RELEASE MUST BE SUBMITTED ONLINE OR RECEIVED BY MAIL NO LATER THAN JANUARY 9, 2027.
Official claim formPDF p2 paragraph3; whitespace normalized
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Proofs of Claim that are legibly postmarked no later than January 9, 2027, will be treated as received on the postmark date.
Official claim formPDF p2 footnote1; explicit exception resolves receipt heading; whitespace normalized
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This document constitutes a ruling of the court and should be treated as such.
Granted scheduling orderPDF p19 court endorsement, Judge Bonnie W. David, September9,2026; whitespace normalized
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The settlement hearing has been scheduled for December 10, 2026, 9:30 a.m. at the Court of Chancery
Granted scheduling orderPDF p19 court authorizer comments; whitespace normalized
Who qualifies
- The preliminarily certified class includes record and beneficial holders of dMY IV Class A common stock at any time between 5:00 p.m. Eastern on December 1, 2021 and the merger closing on December 7, 2021, including successors who obtained shares by operation of law.
- For payment under the proposed allocation plan, eligible class members must have held dMY IV Class A shares immediately after the December 1, 2021, 5:00 p.m. Eastern redemption deadline, and those shares must not have been submitted for redemption. Holding later-acquired Planet Labs shares alone does not establish payment eligibility.
- Excluded are defendants; immediate family of an individual defendant; a parent, subsidiary or affiliate of an entity defendant; entities controlled by a defendant or other excluded person or group, currently or during the class period; and the legal representatives, agents, affiliates, heirs, estates, successors and assigns of those excluded persons. These exclusions apply to the extent those persons held shares during the class period. The notice does not impose a U.S.-residence requirement.
- Only eligible common shares participate in the allocation. Redeemed shares have no Total Loss, option contracts are not eligible securities, and short sales and shares used to cover them have zero Total Loss.
How to file a claim
- 1
Check the eligible holdings
Review your dMY IV Class A holdings at the December 1, 2021 redemption deadline and identify any shares redeemed in the merger. The settlement notice explains the separate class and payment-eligibility definitions.
- 2
Gather records
Provide holdings at the December 1, 2021 close, all purchases and sales of dMY IV or New Planet common stock after that close through August 19, 2024, and holdings at the August 19 close. Attach brokerage confirmations, statements or equivalent records, including transactions that made a profit.
- 3
Complete and sign the official claim
The actual beneficial holder or authorized legal representative must file. All joint holders must sign; representatives must provide authority documents. The form requests the last four digits of the beneficial holder’s Social Security or taxpayer identification number, account details and contact information. Submit only one claim per separate legal entity.
- 4
Meet the January 9 deadline
Submit through the official individual claim portal or send the signed form with copies of supporting records to dMY IV Stockholder Settlement, c/o JND Legal Administration, P.O. Box 91242, Seattle, WA 98111. Claims must be submitted online or received by January 9, 2027; a legible postmark by that date is treated as receipt. The form warns that mail not presented in person may not receive a postmark. No exact cutoff time or timezone is stated.
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Frequently asked questions
How is my payment calculated?
The proposed plan assigns a Total Loss to eligible shares. Shares sold before the August 19, 2024 market close for less than $10 receive a calculation of $10 minus the sale price, plus $0.10. Shares sold in that period for $10 or more receive $0.10. Eligible shares held at that close receive $7.16 plus $0.10 per share. These are allocation weights, not promised payments. The net fund is shared in proportion to approved Total Losses; distributions calculated below $10 are not paid. If the net fund exceeds aggregate Total Losses, the excess is also allocated proportionally; Total Loss is not a payment cap.
What reduces the $11 million fund?
The net fund is the $11 million plus interest, less taxes, administration and notice costs, court-approved attorneys’ fees and expenses, and other approved costs. The actual distribution depends on approved claims and the allocation plan. The court may modify that plan; there is no guaranteed per-share or per-person payout.
What transaction rules apply?
The claim form matches transactions first-in, first-out. The notice uses trade dates rather than settlement dates, excludes fees, taxes and commissions from prices, and treats after-hours transactions as occurring in the next trading session. Special rules cover gifts, inheritance, short sales and option exercises; consult paragraphs 58–62 of the notice and supply complete records.
Can I opt out?
No. This is a non-opt-out stockholder class. Class members remain bound by the judgment and releases if the settlement is approved, even if they do not file a claim. Written objections and notices of intention to appear must be received by November 17, 2026, under the official notice.
When will payments arrive?
No fixed payment date is promised. The court hearing is scheduled for December 10, 2026 at 9:30 a.m. in Georgetown, Delaware. Distribution requires final approval, completion of claims processing and expiration or resolution of applicable review and appeals. Check the official website for court changes.
What if I submit a large transaction file?
Follow JND’s institutional filing instructions and obtain the required file format. The paper form says large electronic-file claimants also must submit a manually signed proof of claim and receive a claim number; without that number the submission is not complete. Do not assume that uploading a spreadsheet alone completes a claim.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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