Form 4: Palantir Executive Ryan D. Taylor Executes Stock Option and Sells Shares Under 10b5-1 Plan

Palantir Technologies' Chief Revenue and Legal Officer, Ryan D. Taylor, exercised stock options and sold shares on January 2, 2025, under a pre-existing 10b5-1 trading plan.

Summary

• Ryan D. Taylor, Chief Revenue Officer and Chief Legal Officer at Palantir Technologies, executed a series of transactions involving the company's Class A Common Stock on January 2, 2025.
• These transactions were conducted under a pre-existing Rule 10b5-1 trading plan established on September 5, 2024.
• Taylor exercised 400,000 vested stock options at an exercise price of $4.72 per share.
• Following the exercise, Taylor sold a total of 483,987 shares, including the 400,000 from the option exercise, in the open market.
• The sales were executed in multiple transactions at varying prices, ranging from $72.49 to $76.27 per share.
• The weighted average sale prices for these transactions were $73.1095, $73.9747, $74.9574, and $75.7803 per share for the different price ranges.
• After these transactions, Taylor directly owns 170,273 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine executive stock transaction under a pre-existing plan, which is neither particularly positive nor negative.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Management Comments

• This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person.
• For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 26, 2024, including under the heading 'Security Ownership Of Certain Beneficial Owners And Management'.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the technology sector such as Google (Alphabet), Microsoft, and Amazon.
• These plans allow executives to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The reported sale prices are within the typical range for open market transactions, and the volume of shares sold is not unusual for an executive exercising stock options.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but the use of a 10b5-1 plan suggests the sales were planned and not based on any new information.

Key Dates

Keywords

Palantir Technologies, Ryan D. Taylor, stock options, 10b5-1 trading plan, insider trading, Class A Common Stock, executive stock sales