Form 4: Palantir Technologies Inc. Executive Heather A. Planishek Sells Shares Under 10b5-1 Plan

Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc., executed multiple sales of Class A Common Stock on March 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 6, 2024, Heather A. Planishek, the Chief Accounting Officer of Palantir Technologies Inc., sold shares of Class A Common Stock.
• The sales were executed in the open market under a Rule 10b5-1 trading plan established on March 8, 2023.
• A total of 32,828 shares were sold at weighted average prices ranging from $25.0347 to $26.6391.
• Following the reported transactions, Planishek directly owns 662,006 shares of Class A Common Stock and indirectly owns 8,130 shares held as custodian for a minor child.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate sale price upon request.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales by an executive under a pre-arranged trading plan, which is a common and legal practice.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company executives.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates