Form 4: Palantir CEO Karp Sells Shares for Tax Obligations

Palantir Technologies CEO Alexander Karp sold over 400,000 Class A shares on November 20-21, 2025, to cover tax withholding obligations following RSU vesting.

Summary

• Alexander C. Karp, CEO of Palantir Technologies Inc. (PLTR), reported transactions on November 20 and 21, 2025.
• On November 20, 2025, Karp acquired rights to 975,000 shares of Class B Common Stock from the incremental vesting of previously granted Restricted Stock Units (RSUs).
• Following the vesting, Karp converted 359,325 shares of Class B Common Stock into Class A Common Stock and immediately sold them on November 20, 2025.
• These sales on November 20, 2025, occurred at weighted average prices ranging from $155.3089 to $173.4115 per share.
• On November 21, 2025, Karp converted an additional 45,564 shares of Class B Common Stock to Class A Common Stock and immediately sold them.
• These sales on November 21, 2025, occurred at weighted average prices ranging from $153.4295 to $157.7397 per share.
• The total number of Class A shares sold across both days was 404,889 (359,325 + 45,564).
• All sales were automatic to cover required tax withholding obligations related to the RSU vesting event.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Karp beneficially owns 6,432,258 shares of Class A Common Stock and 50,951,018 shares of Class B Common Stock.
• Karp also holds 19,305,000 Restricted Stock Units under the 2010 plan and 2,145,000 Restricted Stock Units under the 2020 plan, which represent contingent rights to receive Class B Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are routine, pre-planned sales to cover tax obligations upon RSU vesting, rather than discretionary selling or buying based on new information. This is a common occurrence for executives receiving equity compensation.

Positives

• Vesting of 975,000 Restricted Stock Units (RSUs) indicates continued compensation and retention of the CEO.
• The transactions were executed under a Rule 10b5-1(c) plan, suggesting pre-planned and automated sales, reducing concerns about opportunistic insider selling.

Negatives

• Alexander C. Karp reduced his direct beneficial ownership of Class A Common Stock by 404,889 shares due to sales for tax withholding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by the CEO for tax purposes is a routine event and generally has minimal direct impact on long-term shareholders. It slightly reduces the CEO's direct Class A ownership but is offset by the vesting of RSUs.

Key Dates

Recommendation

The transactions reported are routine, pre-planned sales by the CEO to cover tax obligations associated with RSU vesting. Such sales are common for executives and are not indicative of a change in management's outlook or confidence in the company's future. Given the nature of these transactions, they typically do not warrant a change in investment recommendation. Investors should continue to hold based on the company's fundamentals and broader market conditions, rather than these specific insider sales.

Keywords

Palantir Technologies, PLTR, Alexander Karp, SEC Form 4, Insider Trading, Stock Sale, RSU Vesting, Tax Withholding, Class A Common Stock, Class B Common Stock, Rule 10b5-1