Form 4: Palantir Technologies Acquires 244,011 Shares of Surf Air Mobility Inc.
SEC Form 4 Filing
Palantir Technologies acquired 244,011 shares of Surf Air Mobility Inc. at $3.88 per share as part of a commercial arrangement.
Summary
- Palantir Technologies Inc. filed a Form 4 with the SEC on March 27, 2025, reporting a change in beneficial ownership of Surf Air Mobility Inc. (SRFM) shares.
- On March 25, 2025, Palantir acquired 244,011 shares of SRFM common stock at a price of $3.88 per share.
- This acquisition was part of a commercial arrangement where Palantir provided services to Surf Air Mobility in exchange for shares or cash.
- The shares were valued at the lower of the 5-day volume weighted average trading price or the closing price on the last trading day before issuance.
- Following the transaction, Palantir Technologies beneficially owns 3,421,007 shares of Surf Air Mobility Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction between two companies. The acquisition of shares is part of a commercial agreement, suggesting a business relationship, but there's no indication of significant positive or negative impact.
Positives
- The commercial arrangement between Palantir and Surf Air Mobility suggests a potentially beneficial business relationship for both companies.
Risks
- The value of the shares received by Palantir is subject to market fluctuations, which could impact the overall value of the commercial arrangement.
Industry Context
This transaction reflects a business relationship between a technology company (Palantir) and an aviation company (Surf Air Mobility), potentially indicating a trend of cross-industry collaborations.
Stakeholder Impact
- Shareholders of Surf Air Mobility may see this as a positive sign of confidence from Palantir Technologies.
- Palantir's stakeholders may view this as a strategic investment in a related industry.
Key Dates
| Date | Description |
|---|---|
| 03/25/2025 | Date of transaction: Palantir acquired shares of Surf Air Mobility Inc. |
| 03/27/2025 | Date of Form 4 filing with the SEC. |
Keywords
Surf Air Mobility, Palantir Technologies, beneficial ownership, Form 4, SRFM, acquisition, shares, commercial arrangement
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