Form 4: Palantir Technologies Inc. Executive Exercises Options and Sells Shares Under 10b5-1 Plan

Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc., executed stock options and sold shares under a pre-existing 10b5-1 trading plan.

Summary

• On November 5, 2024, Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc., exercised 20,000 Class A Common Stock options at a price of $4.72 per share.
• Simultaneously, Planishek sold 20,000 shares of Class A Common Stock in the open market at prices ranging from $49.95 to $49.97, with a weighted average sale price of $49.9625.
• These transactions were executed under a pre-existing Rule 10b5-1 trading plan established on May 13, 2024.
• Following these transactions, Planishek directly owns 562,006 shares of Class A Common Stock and indirectly owns 8,130 shares held as custodian for a minor child.
• She also holds options to purchase 2,986 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine insider trading activity under a pre-existing plan. It doesn't indicate any specific positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. The use of a 10b5-1 plan indicates that the transactions were pre-planned and not based on any material non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares in the open market, but the effect is likely minimal given the relatively small volume of shares traded.

Key Dates