Form 4: Palantir Technologies Inc. Officer Heather A. Planishek Reports Stock Sales

Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc., reports the sale of Class A Common Stock to cover tax obligations and open market sales.

Summary

• Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 20, 2024, Planishek sold 11,335 shares of Class A Common Stock at a weighted average price of $32.2484 and 38 shares at a weighted average price of $32.666.
• On August 21, 2024, Planishek sold 10,594 shares of Class A Common Stock at a weighted average price of $32.2589.
• These sales were executed to cover tax withholding obligations related to the vesting of restricted stock units and through open market sales, all in compliance with a Rule 10b5-1 trading plan.
• Following these transactions, Planishek directly owns 590,039 shares of Class A Common Stock and indirectly owns 8,130 shares held as custodian for a minor child.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an officer. It doesn't inherently convey positive or negative sentiment, as the transactions are part of a pre-arranged trading plan and tax obligations.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common for publicly traded companies. It provides transparency into the trading activities of insiders.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small volume of shares sold.

Key Dates