Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a former 10% owner of Rubicon Technologies, sold shares of Class A Common Stock in multiple open market sales between April 22 and April 24, 2024.

Summary

• Palantir Technologies, identified as a former 10% owner, reported the sale of Rubicon Technologies Class A Common Stock.
• The sales occurred over three days: April 22, April 23, and April 24, 2024.
• On April 22, 2024, 3,200 shares were sold at a weighted average price of $0.3403.
• On April 23, 2024, 18,471 shares were sold at a weighted average price of $0.3677.
• On April 24, 2024, 18,621 shares were sold at a weighted average price of $0.3744.
• Following these transactions, Palantir's direct ownership in Rubicon Technologies Class A Common Stock decreased from 5,270,717 to 5,233,625 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

This Form 4 filing indicates a change in ownership by a significant shareholder, Palantir Technologies, in Rubicon Technologies. Such filings are common and provide transparency into the trading activities of insiders and major shareholders, which can influence investor sentiment.

Stakeholder Impact

• The sale of shares by Palantir Technologies may influence investor sentiment regarding Rubicon Technologies.
• The transactions could potentially affect the stock price of Rubicon Technologies.

Key Dates