Form 4: Palantir CFO David Glazer Executes Stock Option Exercise and Sales Under 10b5-1 Plan

Palantir Technologies' Chief Financial Officer, David Glazer, exercised stock options and sold shares on January 2, 2025, under a pre-existing 10b5-1 trading plan.

Summary

• David Glazer, the Chief Financial Officer of Palantir Technologies, executed a series of transactions on January 2, 2025.
• These transactions involved the exercise of 96,273 vested Class A Common Stock options at a price of $4.72 per share.
• Following the exercise, Mr. Glazer sold a total of 96,273 shares in the open market at varying prices.
• The sales were executed in multiple transactions with weighted average prices of $72.834 for 91,397 shares, $74.472 for 1,776 shares, and $75.9639 for 3,100 shares.
• These transactions were conducted under a pre-existing Rule 10b5-1 trading plan established on September 12, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. The use of a 10b5-1 plan suggests the transactions were planned and not based on any new information.

Risks

• The sale of shares by a high-ranking executive could be perceived negatively by some investors, although it was conducted under a pre-arranged trading plan.

Management Comments

• This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
• For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 26, 2024, including under the heading 'Security Ownership Of Certain Beneficial Owners And Management'.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, and the use of 10b5-1 plans is a standard practice to avoid accusations of insider trading. This filing is a routine disclosure of such activity.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including those in the technology sector such as Microsoft, Google, and Amazon.
• These plans allow executives to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The reported sale prices are within the typical range for open market transactions of this type.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but the pre-planned nature of the sales should mitigate any significant negative reaction from shareholders.

Key Dates

Keywords

Palantir, PLTR, David Glazer, stock options, insider trading, Form 4, 10b5-1 plan, CFO, stock sale