Form 4: Palantir CFO Executes Planned Share Sale and Charitable Gift

Palantir Technologies CFO David A. Glazer executed a pre-planned sale of 9,000 shares and gifted 3,831 shares to charity on December 12, 2025.

Summary

• David A. Glazer, Palantir Technologies Inc.'s Chief Financial Officer and Treasurer, reported transactions on December 12, 2025.
• Glazer exercised 9,000 vested Class A Common Stock options at an exercise price of $4.72 per share.
• Immediately following the exercise, Glazer sold 9,000 shares of Class A Common Stock in the open market at a price of $185.91 per share.
• Additionally, Glazer made a bona fide gift of 3,831 shares of Class A Common Stock to a tax-exempt public charity, with a transaction price of $0 per share for the gift.
• All reported transactions were undertaken pursuant to a Rule 10b5-1 trading plan established on September 12, 2025.
• Following these transactions, Glazer beneficially owns 409,808 shares of Class A Common Stock directly.
• Glazer also beneficially owns 214,487 employee stock options (rights to buy) after the reported transactions.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions executed under a pre-planned 10b5-1 plan, which is generally considered neutral. The sale of shares by a CFO is balanced by the charitable gift and the pre-planned nature of the transactions.

Positives

• The transactions were executed under a pre-existing Rule 10b5-1 trading plan, indicating that the sales were scheduled in advance and not based on new, non-public information.
• A portion of the shares (3,831) was gifted to a tax-exempt public charity, demonstrating philanthropic activity.

Negatives

• The Chief Financial Officer sold a significant number of shares (9,000) in the open market, which could be perceived by some investors as a lack of confidence, despite being pre-planned.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The transactions are part of a related series of transactions undertaken pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on September 12, 2025.
• The Reporting Person exercised 9,000 vested Class A Common Stock options and immediately sold the shares of Class A Common Stock in the open market.
• The gift represents a bona fide gift of 3,831 shares by the Reporting Person to a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code, in compliance with the Reporting Person's Rule 10b5-1 trading plan.

Industry Context

This Form 4 filing reports routine insider transactions and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale of shares by a CFO, even if pre-planned, could be viewed with slight caution, but the overall impact on the company's stock price is likely minimal given the routine nature and the relatively small percentage of total outstanding shares.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions by Palantir's CFO, David A. Glazer, executed under a pre-established 10b5-1 trading plan. The transactions involved the exercise of stock options and the subsequent sale of shares, along with a charitable gift. Such pre-planned sales are common for executives for diversification and liquidity purposes and do not typically signal a change in the company's fundamental outlook or warrant a shift in investment recommendation. Therefore, based solely on this filing, a 'hold' recommendation is appropriate as it does not introduce new information that would fundamentally alter the investment thesis for Palantir.

Keywords

Palantir, PLTR, Insider Transaction, Form 4, Stock Options, Share Sale, CFO, 10b5-1 Plan, Charitable Gift