Form 4: Palantir Technologies Sells Shares of Rubicon Technologies
SEC Form 4 Filing
Palantir Technologies sold shares of Rubicon Technologies (RBTC) between September 18 and September 20, 2024.
Summary
- Palantir Technologies Inc., a 10% owner of Rubicon Technologies, sold shares of Class A Common Stock.
- On September 18, 2024, Palantir sold 22,348 shares at a price of $0.0535 per share.
- On September 19, 2024, Palantir sold 85,621 shares at a weighted average price of $0.0564, with prices ranging from $0.052 to $0.065.
- On September 20, 2024, Palantir sold 55,262 shares at a weighted average price of $0.0562, with prices ranging from $0.056 to $0.063.
- Following these transactions, Palantir's direct ownership of Rubicon Technologies' Class A Common Stock decreased from 8,665,988 to 8,525,105 shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales. The sentiment is neither particularly positive nor negative.
Negatives
- Palantir Technologies reduced its stake in Rubicon Technologies through open market sales.
Risks
- Continued sales by Palantir could put downward pressure on Rubicon Technologies' stock price.
Industry Context
Form 4 filings are standard disclosures for significant shareholders, providing transparency into their trading activities. Palantir's sales could be part of a broader portfolio management strategy.
Stakeholder Impact
- Shareholders may react to the news of Palantir's stock sales, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Palantir sold 22,348 shares of Class A Common Stock at $0.0535 per share. |
| 09/19/2024 | Palantir sold 85,621 shares of Class A Common Stock at a weighted average price of $0.0564. |
| 09/20/2024 | Palantir sold 55,262 shares of Class A Common Stock at a weighted average price of $0.0562. |
| 09/20/2024 | Date of the signature of the report. |
Keywords
Rubicon Technologies, Palantir Technologies, RBTC, share sales, Form 4, beneficial ownership, stock transaction
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