Form 4: Palantir Director's Spouse Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Lauren Elaina Friedman Stat, a Palantir Technologies Inc. director, reports that her spouse sold shares of Class A Common Stock under a pre-arranged 10b5-1 trading plan.
Summary
- On February 4, 2025, Lauren Elaina Friedman Stat's spouse sold 11,794 shares of Palantir Technologies Inc. Class A Common Stock at a price of $102.8 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on September 11, 2024.
- Following the transaction, Ms. Stat directly owns 62,139 shares of Class A Common Stock and indirectly owns 88,129 shares through her spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. Rule 10b5-1 trading plans are common mechanisms for corporate insiders to sell shares while avoiding accusations of trading on non-public information.
Stakeholder Impact
- The stock sale by a director's spouse could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 2024-04-26 | Date of Issuer's Proxy Statement filed with the SEC. |
| 2024-09-11 | Date the Rule 10b5-1 trading plan was entered into. |
| 2025-02-04 | Date of the stock sale transaction. |
| 2025-02-06 | Date of the Form 4 filing. |
Keywords
Palantir Technologies Inc., PLTR, Form 4, insider trading, Rule 10b5-1, Lauren Elaina Friedman Stat, stock sale, Class A Common Stock
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