Form 4: Palantir Director Lauren Stat Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Lauren Elaina Friedman Stat sold shares of Palantir Technologies Inc. (PLTR) on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Lauren Elaina Friedman Stat, a director at Palantir Technologies Inc., sold shares of Class A Common Stock on August 1, 2024.
- The sales were executed in the open market under a Rule 10b5-1 trading plan established on August 21, 2023.
- A total of 3,050 shares were sold in multiple transactions at prices ranging from $25.90 to $27.35.
- After the reported transactions, Ms. Stat directly owns 65,989 shares of Class A Common Stock and indirectly owns 164,330 shares through her spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 08/21/2023 | Date of entry into Rule 10b5-1 trading plan |
| 04/26/2024 | Date of Issuer's Proxy Statement filed with the SEC |
| 08/01/2024 | Date of stock sale transactions |
| 08/05/2024 | Date of Form 4 filing |
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