Form 4: Palantir Director Alexander D. Moore Sells Shares Under 10b5-1 Plan

Palantir Technologies director Alexander D. Moore sold a total of 20,000 shares of Class A Common Stock on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Alexander D. Moore, a director at Palantir Technologies, sold 17,431 shares of Class A Common Stock at a weighted average price of $66.6313 per share on December 2, 2024.
• He also sold 2,569 shares of Class A Common Stock at a weighted average price of $67.2862 per share on the same day.
• These transactions were executed under a Rule 10b5-1 trading plan established on November 30, 2023.
• The sales were conducted in multiple open market transactions with prices ranging from $66.06 to $67.80.
• Following these sales, Moore's direct holdings of Class A Common Stock decreased to 1,450,630 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine insider sale under a pre-arranged plan, which is neither positive nor negative in itself. It's a neutral event.

Risks

• Sales by insiders, even under pre-arranged plans, can sometimes be perceived negatively by the market.

Industry Context

Insider sales are a common occurrence in publicly traded companies, and the use of 10b5-1 plans is a standard practice to avoid accusations of trading on non-public information. 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 and directors at publicly traded companies, including those in the technology sector like Palantir.
• Similar filings are regularly made by insiders at companies like Microsoft, Google, and Amazon, reflecting routine sales of shares under pre-arranged plans.
• The volume of shares sold by Moore is not unusual for a director, and the price range is consistent with the stock's recent trading activity.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Palantir Technologies, PLTR, insider trading, Form 4, Alexander D. Moore, Rule 10b5-1, stock sale, Class A Common Stock, director