Form 4: Palantir Technologies Inc. Director Stephen Andrew Cohen Executes Stock Option Exercise and Sales Under 10b5-1 Plan

Stephen Andrew Cohen, a director and officer of Palantir Technologies Inc., executed stock option exercises and sales of Class A Common Stock on March 17, 2025, under a pre-existing 10b5-1 trading plan.

Summary

• On March 17, 2025, Stephen Andrew Cohen, a director and officer of Palantir Technologies Inc., engaged in a series of transactions involving the company's stock.
• Cohen exercised 310,000 vested Class B Common Stock options at a price of $4.72 per share.
• Following the exercise, the resulting shares of Class B Common Stock were converted into Class A Common Stock on a 1-for-1 basis.
• Immediately after the conversion, Cohen sold the 310,000 shares of Class A Common Stock in the open market.
• The sales were executed in multiple transactions at prices ranging from $84.54 to $88.76 per share.
• These transactions were conducted under a pre-existing Rule 10b5-1 trading plan established on December 11, 2024.
• After the reported transactions, Cohen directly owns 592 shares of Class A Common Stock, 8,341,568 shares of Class B Common Stock, and holds options for 12,202,734 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over time while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• Insider transactions are a normal part of the corporate landscape, and the use of 10b5-1 plans is a common practice among executives at publicly traded companies like Palantir.
• Comparing Cohen's transactions to those of executives at similar tech companies such as Snowflake, C3.ai, or Datadog would provide a broader context, but this document does not provide enough information to make a detailed comparison.
• The scale of the transactions is significant, but not unusual for a high-ranking executive at a company of Palantir's size.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Palantir Technologies, Stephen Andrew Cohen, Form 4, Stock Options, Class A Common Stock, Class B Common Stock, Rule 10b5-1, Insider Trading, Beneficial Ownership, Equity Securities