Form 4: Palantir Technologies Sells Shares of Surf Air Mobility Inc.
SEC Form 4
Palantir Technologies, a 10% owner of Surf Air Mobility Inc., has sold a portion of its common stock holdings in multiple open market sales.
Summary
- Palantir Technologies Inc., a reporting person and 10% owner of Surf Air Mobility Inc. (SRFM), filed a Form 4 with the SEC.
- The form details the sale of SRFM common stock by Palantir Technologies.
- On September 20, 2024, Palantir sold 4,900 shares at a weighted average price of $1.1942 per share.
- On September 23, 2024, 2,000 shares were sold at a weighted average price of $1.24 per share.
- On September 24, 2024, 3,400 shares were sold at a weighted average price of $1.2175 per share.
- Following these transactions, Palantir Technologies beneficially owns 1,475,346 shares of SRFM common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it simply reports a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook, but rather a change in investment strategy by Palantir.
Industry Context
This filing indicates a change in ownership stake by a major shareholder, which is a common occurrence in the market. Monitoring such transactions can provide insights into investor sentiment and potential future stock performance.
Stakeholder Impact
- Shareholders of Surf Air Mobility Inc. may react to the news of Palantir Technologies selling shares.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Palantir Technologies sold 4,900 shares of SRFM common stock. |
| 09/23/2024 | Palantir Technologies sold 2,000 shares of SRFM common stock. |
| 09/24/2024 | Palantir Technologies sold 3,400 shares of SRFM common stock and the Form 4 was signed. |
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.