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

Stephen Cohen, a Director, President, and Secretary at Palantir Technologies Inc., sold Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• On August 20 and 21, 2024, Stephen Cohen, a Director, President, and Secretary of Palantir Technologies Inc., engaged in a series of transactions involving Class A and Class B Common Stock.
• Cohen acquired rights to 675,000 shares of Class B Common Stock upon the vesting of previously granted restricted stock units (RSUs) on August 20, 2024.
• He then converted 178,551 shares of Class B Common Stock to Class A Common Stock and immediately sold them on August 20, 2024.
• Additionally, he converted 166,329 shares of Class B Common Stock to Class A Common Stock and immediately sold them on August 21, 2024.
• The sales were automatic and intended to cover required tax withholding obligations related to the vesting event on August 20, 2024.
• The weighted average sale prices for the Class A Common Stock ranged from $31.63 to $32.70 on August 20, 2024, and from $31.97 to $32.65 on August 21, 2024.
• Following these transactions, Cohen directly owns 592 shares of Class A Common Stock and 13,192,596 shares of Class B Common Stock.
• Cohen also owns 4,725,000 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine transactions related to executive compensation and tax obligations, with no indication of positive or negative sentiment regarding the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as officers and directors, trade their company's stock; this filing indicates routine transactions related to equity compensation.

Key Dates