Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a significant shareholder of Rubicon Technologies, sold 19,998 shares of Class A Common Stock at an average price of $0.0915 on July 22, 2024.

Summary

• On July 22, 2024, Palantir Technologies sold 19,998 shares of Rubicon Technologies' Class A Common Stock.
• The shares were sold at prices ranging from $0.0915 to $0.0955, with a weighted average sale price of $0.0915.
• Following the transaction, Palantir Technologies still beneficially owns 10,248,391 shares of Rubicon Technologies.
• The sale was executed in multiple open market sales.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook.

Industry Context

Form 4 filings are standard practice when insiders or major shareholders of a publicly traded company buy or sell shares. This filing indicates a change in Palantir's holdings in Rubicon Technologies, which could be of interest to investors monitoring ownership changes.

Stakeholder Impact

• The sale of shares by a major shareholder like Palantir Technologies could potentially influence investor sentiment towards Rubicon Technologies.

Key Dates

Keywords

Rubicon Technologies, Palantir Technologies, Share Sale, Form 4, RBTC, Beneficial Ownership, Securities Exchange Act