Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a significant shareholder of Rubicon Technologies, sold 19,998 shares of Class A Common Stock at an average price of $0.0915 on July 22, 2024.

Summary

• On July 22, 2024, Palantir Technologies sold 19,998 shares of Rubicon Technologies' Class A Common Stock.
• The shares were sold at prices ranging from $0.0915 to $0.0955, with a weighted average sale price of $0.0915.
• Following the transaction, Palantir Technologies beneficially owns 10,248,391 shares of Rubicon Technologies.
• The sale was executed in multiple open market sales.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale as a signal.

Industry Context

This Form 4 filing indicates a change in beneficial ownership of Rubicon Technologies' stock. It is a routine filing required by the SEC when significant shareholders buy or sell shares in a publicly traded company. Palantir's decision to sell a portion of its holdings could be for various reasons, including portfolio rebalancing or profit-taking.

Stakeholder Impact

• The sale of shares by Palantir Technologies could potentially impact shareholder confidence in Rubicon Technologies.

Key Dates