Form 4: Palantir Technologies Executive Stephen Cohen Executes Stock Sales to Cover Tax Obligations

Stephen Cohen, a Palantir Technologies executive, sold shares of Class A Common Stock on February 20 and 21, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On February 20 and 21, 2025, Stephen Cohen, President and Secretary of Palantir Technologies, executed a series of transactions involving Class A Common Stock.
• These transactions included the vesting of restricted stock units (RSUs), conversion of Class B Common Stock to Class A Common Stock, and immediate sales of the resulting Class A shares.
• The sales were conducted to cover required tax withholding obligations in connection with the vesting of RSUs.
• All sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan.
• On February 20, 2025, Cohen converted 308,734 shares of Class B Common Stock to Class A Common Stock and sold them at prices ranging from $96.4327 to $107.0858.
• On February 21, 2025, Cohen converted 64,419 shares of Class B Common Stock to Class A Common Stock and sold them at prices ranging from $104.6997 to $108.2822.
• Additionally, on February 21, 2025, Cohen converted and sold 301,847 shares of Class B Common Stock at a price of $102.1422.
• Following these transactions, Cohen still beneficially owns a significant number of Class A and Class B Common Stock shares.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting stock transactions. It doesn't indicate positive or negative sentiment about the company's performance or future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key personnel and ensures compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Companies like Apple, Microsoft, and Amazon also have executives who regularly file Form 4s to report stock transactions.
• The use of Rule 10b5-1 trading plans is a common strategy among executives to avoid accusations of insider trading, as it allows them to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales by Stephen Cohen may have a minor impact on shareholders, potentially causing a slight decrease in the stock price due to increased selling pressure.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Palantir Technologies, Stephen Cohen, Form 4, Stock Sale, Class A Common Stock, Class B Common Stock, Restricted Stock Units, Rule 10b5-1, Tax Withholding, Insider Trading