Form 4: Palantir Technologies Sells Shares of Rubicon Technologies
SEC Form 4
Palantir Technologies, a significant shareholder of Rubicon Technologies, has sold a portion of its Class A Common Stock in a series of open market transactions.
Summary
- Palantir Technologies, Inc. has reported the sale of Rubicon Technologies, Inc. Class A Common Stock.
- The sales occurred on September 10, 2024, September 11, 2024, and September 12, 2024.
- On September 10, 2024, 121,700 shares were sold at a weighted average price of $0.0576.
- On September 11, 2024, 7,917 shares were sold at a weighted average price of $0.0606.
- On September 12, 2024, 22,681 shares were sold at a weighted average price of $0.056.
- Following these transactions, Palantir Technologies beneficially owns 8,848,948 shares of Rubicon Technologies Class A Common Stock.
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 of Rubicon Technologies stock by a major shareholder, Palantir Technologies. Such filings are common and provide transparency into the trading activities of insiders and significant owners, which can influence investor sentiment.
Stakeholder Impact
- The sale of shares by Palantir Technologies may have a short-term impact on the stock price of Rubicon Technologies.
- Shareholders may react to the news of a large shareholder reducing their position.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Sale of 121,700 shares of Class A Common Stock at a weighted average price of $0.0576 |
| 09/11/2024 | Sale of 7,917 shares of Class A Common Stock at a weighted average price of $0.0606 |
| 09/12/2024 | Sale of 22,681 shares of Class A Common Stock at a weighted average price of $0.056 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.