Form 4: Palantir Director Alexander Moore Sells Over 19,000 Shares Under Pre-Arranged Trading Plan

Palantir Technologies Inc. director Alexander D. Moore reported the sale of 19,900 shares of Class A Common Stock on June 6, 2025, pursuant to a Rule 10b5-1 trading plan, while also receiving 2,348 restricted stock units as an annual board award.

Summary

• Alexander D. Moore, a Director of Palantir Technologies Inc. (PLTR), reported changes in his beneficial ownership of the company's Class A Common Stock.
• On June 6, 2025, Mr. Moore acquired 2,348 Restricted Stock Units (RSUs) as an annual award for his service on the Issuer's board of directors, in accordance with the company's outside director compensation policy.
• Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to vesting conditions.
• On the same date, June 6, 2025, Mr. Moore sold a total of 19,900 shares of Class A Common Stock in multiple open market transactions.
• These sales were executed pursuant to a Rule 10b5-1 trading plan, which was entered into on November 22, 2024.
• The sales occurred at weighted average prices ranging from $122.6542 to $127.6874 per share.
• Specifically, sales included 800 shares at $122.6542, 1,700 shares at $123.8926, 11,000 shares at $124.7523, 700 shares at $125.88, 2,900 shares at $126.9541, and 2,900 shares at $127.6874.
• Following these transactions, Mr. Moore's direct beneficial ownership of Class A Common Stock stands at 1,332,978 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While there is significant insider selling, it was conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about opportunistic selling. The simultaneous grant of RSUs also indicates continued alignment and compensation for the director's service.

Positives

• The grant of 2,348 Restricted Stock Units (RSUs) to Director Alexander D. Moore indicates his continued service and compensation as part of Palantir's outside director compensation policy, aligning his interests with long-term company performance.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which suggests the transactions were not based on new, non-public information but rather a systematic approach to managing personal holdings.

Negatives

• Director Alexander D. Moore sold a significant number of shares (19,900) in open market transactions, which, despite being pre-planned, represents a reduction in his direct beneficial ownership.
• The net effect of the transactions (2,348 shares acquired via RSU vesting and 19,900 shares sold) is a decrease of 17,552 shares in his direct beneficial ownership.

Risks

• While the sales were pre-planned under a Rule 10b5-1 plan, significant insider selling, even if routine, can sometimes be perceived negatively by investors and may lead to questions about management's confidence in the company's near-term prospects.

Future Outlook

The document primarily reports past transactions and does not provide forward-looking statements regarding the company's financial performance or strategic direction. The sales were conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled disposition of shares.

Management Comments

• "These securities are restricted stock units ('RSUs'). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable time-based vesting schedule and conditions of each RSU and the Reporting Person continuing as a service provider through the applicable vesting date. These RSUs were granted to the Reporting Person as an annual award for service on the Issuer's board of directors, in accordance with the Issuer's outside director compensation policy."
• "The Reporting Person sold shares of Class A Common Stock in the open market pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on November 22, 2024."
• "The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price."

Industry Context

This Form 4 filing details an insider transaction specific to Palantir Technologies Inc. and its director. It does not provide information on broader industry trends or competitive landscape, as its purpose is to report changes in beneficial ownership of securities by company insiders.

Stakeholder Impact

• Shareholders: The sale of shares by a director, even under a 10b5-1 plan, could be interpreted by some shareholders as a lack of confidence, potentially influencing short-term sentiment. However, the pre-planned nature and the simultaneous RSU grant provide context.
• Employees: No direct impact mentioned.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate sale price upon request by the SEC staff, the Issuer, or a security holder.

Key Dates

Keywords

Palantir, PLTR, Form 4, insider trading, stock sale, restricted stock units, RSU, Alexander D. Moore, director, beneficial ownership, 10b5-1 plan