Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a 10% owner of Rubicon Technologies, sold shares of Class A Common Stock in multiple open market sales between July 26 and July 30, 2024.

Summary

• Palantir Technologies, identified as a 10% owner of Rubicon Technologies, sold shares of Class A Common Stock.
• The sales occurred over three days: July 26, July 29, and July 30, 2024.
• On July 26, 5,278 shares were sold at a weighted average price of $0.0826.
• On July 29, 19,652 shares were sold at a weighted average price of $0.0877.
• On July 30, 21,327 shares were sold at a weighted average price of $0.08.
• Following these transactions, Palantir Technologies directly owns 10,202,134 shares of Rubicon Technologies Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. It reflects the fact that a major shareholder is reducing their position, which could be interpreted negatively by the market, but it's also a routine transaction.

Industry Context

This filing indicates a change in ownership stake by a significant shareholder, Palantir Technologies, in Rubicon Technologies. Such transactions are common and are closely watched by investors for insights into the perspectives of major stakeholders.

Stakeholder Impact

• Shareholders may react to the news of Palantir's share sales, potentially impacting the stock price.

Key Dates

Keywords

Rubicon Technologies, Palantir Technologies, share sales, Form 4, RBTC, Class A Common Stock, open market sales, beneficial ownership