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

Lauren Elaina Friedman Stat, a director of Palantir Technologies, reports that her spouse sold 6,050 shares of Class A Common Stock at $33.19 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On September 9, 2024, Lauren Elaina Friedman Stat's spouse sold 6,050 shares of Palantir Technologies Inc. Class A Common Stock at a price of $33.19 per share.
• The sale was executed under a Rule 10b5-1 trading plan, which was established on August 19, 2023.
• Following the transaction, Ms. Stat's spouse directly owns 65,989 shares of Class A Common Stock.
• Ms. Stat indirectly owns 158,280 shares of Class A Common Stock through her spouse.
• The report clarifies that it only reflects the specific transactions and doesn't encompass all of Ms. Stat's holdings, directing readers to the company's proxy statement for more details.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the director's outlook on the company.

Industry Context

Sales by insiders are a common occurrence, but are closely watched by investors for signals about a company's prospects. Sales under a 10b5-1 plan are generally viewed as less informative since they are pre-scheduled.

Stakeholder Impact

• The sale of shares by a director's spouse could have a minor impact on shareholder sentiment.

Key Dates