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

Palantir Technologies' Chief Financial Officer, David Glazer, exercised stock options and sold shares on December 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• David Glazer, the Chief Financial Officer and Treasurer of Palantir Technologies, executed a series of transactions involving the company's Class A Common Stock on December 12, 2024.
• These transactions were conducted under a pre-existing Rule 10b5-1 trading plan established on September 12, 2024.
• Glazer exercised 315,126 vested stock options at a price of $4.72 per share.
• He then sold a total of 315,126 shares in the open market at varying prices.
• The sales were executed in multiple transactions with weighted average prices ranging from $72.6297 to $75.1873 per share.
• After these transactions, Glazer directly owns 293,411 shares of Class A Common Stock and 107,530 employee stock options.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive under a pre-arranged plan. It is neither particularly positive nor negative, but rather a standard disclosure.

Risks

• The sale of a significant number of shares by a company executive could be perceived negatively by the market, potentially impacting the stock price.
• The reliance on a 10b5-1 trading plan indicates that the executive may have pre-determined sales plans, which could be interpreted as a lack of confidence in the company's future performance.

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 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the technology sector like Palantir.
• Similar filings are regularly made by executives at companies like Microsoft, Google, and Amazon, reflecting their stock option exercises and sales.
• The price ranges at which the shares were sold are within the typical trading range for Palantir stock, indicating no unusual market activity.

Stakeholder Impact

• The sale of shares by a high-ranking executive could cause some short-term volatility in the stock price.
• Shareholders may interpret the sale as a lack of confidence in the company's future prospects, although the 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Palantir Technologies, David Glazer, stock options, 10b5-1 trading plan, insider trading, Class A Common Stock, SEC Form 4, executive compensation