Form 4: Palantir Director's Spouse Sells Shares Under 10b5-1 Plan

A director's spouse at Palantir Technologies sold 8,860 shares of Class A Common Stock at $58.06 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Lauren Elaina Friedman Stat, a director at Palantir Technologies, had her spouse sell 8,860 shares of Class A Common Stock.
• The sale occurred on November 8, 2024, at a price of $58.06 per share.
• The transaction was executed under a Rule 10b5-1 trading plan established on August 19, 2023.
• Following the transaction, the spouse directly owns 62,939 shares of Class A Common Stock.
• The director indirectly owns 121,390 shares of Class A Common Stock through their spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by a director's spouse. It does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate insiders at publicly traded companies, including technology firms like Palantir.
• Similar filings are regularly seen from directors and officers at companies like Google (Alphabet), Microsoft, and Amazon, where pre-planned stock sales are common.
• The volume of shares sold is relatively small compared to the overall market capitalization of Palantir, and is not unusual for insider transactions.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a relatively small transaction by a director's spouse under a pre-arranged plan.

Key Dates

Keywords

Palantir Technologies, insider trading, Form 4, Rule 10b5-1, stock sale, equity securities, director, Class A Common Stock