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

Alexander D. Moore, a director at Palantir Technologies Inc., sold shares of Class A Common Stock on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 1, 2024, Alexander D. Moore, a director of Palantir Technologies Inc., sold shares of Class A Common Stock.
• The sales were executed in the open market under a Rule 10b5-1 trading plan adopted on November 30, 2023.
• A total of 11,660 shares were sold at a weighted average price of $26.3828, with prices ranging from $25.86 to $26.82.
• An additional 8,340 shares were sold at a weighted average price of $27.1802, with prices ranging from $26.86 to $27.52.
• Following these transactions, Moore directly owns 1,530,630 shares of Class A Common Stock.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate sale price upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company directors are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates