Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

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 been selling shares of Rubicon Technologies, Inc. Class A Common Stock.
• On September 23, 2024, Palantir sold 60,000 shares at a weighted average price of $0.051 per share, reducing their holdings to 8,465,105 shares.
• On September 24, 2024, they sold 22,802 shares at a weighted average price of $0.048 per share, further decreasing their holdings to 8,442,303 shares.
• On September 25, 2024, an additional 19,000 shares were sold at a weighted average price of $0.0463 per share, resulting in a total holding of 8,423,303 shares.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the document only reports transactions, the fact that a major shareholder is selling shares can be interpreted negatively by the market.

Risks

• Continued selling pressure from Palantir could negatively impact Rubicon Technologies' stock price.

Industry Context

This activity is typical of large shareholders adjusting their positions in publicly traded companies. The impact on Rubicon Technologies will depend on the market's interpretation of Palantir's motives and the overall demand for RBTC stock.

Stakeholder Impact

• Shareholders of Rubicon Technologies may experience short-term price volatility due to the share sales by Palantir Technologies.

Key Dates

Keywords

Rubicon Technologies, Palantir Technologies, share sale, Form 4, stock transaction, beneficial ownership