Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a 10% owner of Rubicon Technologies, sold a portion of its Class A Common Stock in multiple open market sales.

Summary

• Palantir Technologies, identified as a 10% owner of Rubicon Technologies, has reported the sale of Rubicon Technologies Class A Common Stock.
• The sales occurred on August 8, 2024, August 9, 2024, and August 12, 2024.
• On August 8, 2024, 112,560 shares were sold at a weighted average price of $0.063 per share.
• On August 9, 2024, 20,667 shares were sold at a weighted average price of $0.0792 per share.
• On August 12, 2024, 17,358 shares were sold at a weighted average price of $0.0569 per share.
• Following these transactions, Palantir Technologies beneficially owns 9,866,754 shares of Rubicon Technologies Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a large shareholder is reducing their position. The impact depends on the market's interpretation of Palantir's reasons for selling.

Risks

• The document indicates that Palantir Technologies is reducing its stake in Rubicon Technologies, which could be perceived negatively by the market.

Industry Context

Form 4 filings are standard disclosures for insiders selling shares; the impact depends on the size of the sale relative to overall ownership and trading volume.

Stakeholder Impact

• Shareholders may react to the news of Palantir selling shares, potentially impacting the stock price.

Key Dates