Form 4: Palantir Technologies Inc. Director Cohen Sells Shares to Cover Tax Obligations

Director Stephen Andrew Cohen sold shares of Palantir Technologies Inc. Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Stephen Andrew Cohen, a director and officer (President and Secretary) of Palantir Technologies Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 20 and 21, 2025, Cohen converted Class B Common Stock to Class A Common Stock and immediately sold the resulting shares.
• These sales were automatic and intended to cover required tax withholding obligations in connection with the vesting of previously granted restricted stock units (RSUs).
• On May 20, 2025, 675,000 shares of Class B Common Stock vested, were converted to Class A Common Stock, and then sold.
• On May 21, 2025, an additional 34,357 shares of Class B Common Stock vested, were converted to Class A Common Stock, and then sold.
• The sales were executed in multiple open market transactions at varying prices, ranging from $124.64 to $127.80 per share.
• Cohen still holds a significant number of Class B Common Stock, convertible to Class A Common Stock on a 1-for-1 basis.
• Following the reported transactions, Cohen directly owns 34,949 shares of Class A Common Stock and 12,533,681 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales for tax purposes. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

Executive stock sales are a common occurrence, particularly around vesting events. The sales are often pre-planned to cover tax liabilities and do not necessarily indicate a negative outlook on the company.

Key Dates

Keywords

Form 4, Palantir Technologies Inc., Stephen Andrew Cohen, Class A Common Stock, Class B Common Stock, Restricted Stock Units, Beneficial Ownership, Tax Withholding, Director, Officer