Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies sold shares of Rubicon Technologies (RBTC) in multiple open market sales between August 27 and August 29, 2024.

Summary

• Palantir Technologies Inc., a 10% owner of Rubicon Technologies, Inc. (RBTC), has reported the sale of RBTC Class A Common Stock.
• The sales occurred over three days: August 27, 2024, August 28, 2024, and August 29, 2024.
• On August 27, 2024, 34,889 shares were sold at a weighted average price of $0.0576, with prices ranging from $0.0544 to $0.0585.
• On August 28, 2024, 1,033 shares were sold at a price of $0.05.
• On August 29, 2024, 49,360 shares were sold at a weighted average price of $0.0581, with prices ranging from $0.056 to $0.06.
• Following these transactions, Palantir Technologies Inc. beneficially owns 9,471,315 shares of Rubicon Technologies Inc.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative as a large shareholder is selling shares, which could indicate a lack of confidence or simply portfolio rebalancing. The low share price also contributes to the negative sentiment.

Negatives

• Palantir Technologies selling shares could be perceived negatively by the market.

Risks

• Continued sales of shares by Palantir could further depress the stock price of Rubicon Technologies.

Industry Context

Sales by major shareholders are common and can be for a variety of reasons, not necessarily indicative of the company's performance.

Stakeholder Impact

• Shareholders may react negatively to the news of Palantir selling shares.
• The market price of RBTC could be affected by these transactions.

Key Dates

Keywords

Rubicon Technologies, Palantir Technologies, RBTC, share sale, Form 4, beneficial ownership