Form 4: Palantir Director's Spouse Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
A director's spouse at Palantir Technologies sold 9,746 shares of Class A Common Stock on November 25, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Lauren Elaina Friedman Stat, a director at Palantir Technologies, had her spouse sell 9,746 shares of Class A Common Stock on November 25, 2024.
- The sale was executed at a price of $66.77 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan, which was established on August 19, 2023.
- Following the transaction, the director's spouse directly owns 62,939 shares of Class A Common Stock.
- The director indirectly owns 111,644 shares of Class A Common Stock through their spouse.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a pre-planned stock sale by a director's spouse. It does not indicate any positive or negative sentiment towards the company.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information. This is a normal part of corporate governance and does not indicate any specific issues with the company.
Comparison to Industry Standards
- Rule 10b5-1 trading plans are a common practice among publicly traded companies, including technology firms like Palantir.
- Many directors and executives at companies like Snowflake, C3.ai, and Datadog also utilize similar plans to manage their stock transactions.
- The volume of shares sold is relatively small compared to the overall market capitalization of Palantir, and is not unusual for a director's spouse.
Stakeholder Impact
- The stock sale by the director's spouse is unlikely to have a significant impact on shareholders, employees, customers, or suppliers due to the relatively small volume of shares sold and the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/19/2023 | Date the Rule 10b5-1 trading plan was established. |
| 11/25/2024 | Date of the stock sale transaction. |
| 11/27/2024 | Date the Form 4 was signed. |
Keywords
Palantir Technologies, insider trading, Form 4, Rule 10b5-1, stock sale, equity securities, director, PLTR
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