Form 4: Palantir Technologies Sells Shares of Rubicon Technologies

Palantir Technologies, a 10% owner of Rubicon Technologies, sold a portion of its Class A Common Stock in multiple open market sales.

Summary

• Palantir Technologies, identified as a 10% owner of Rubicon Technologies, has reported the sale of Class A Common Stock.
• The sales occurred over three days: August 8, 2024, August 9, 2024, and August 12, 2024.
• On August 8, 2024, 112,560 shares were sold at a weighted average price of $0.063 per share.
• On August 9, 2024, 20,667 shares were sold at a weighted average price of $0.0792 per share.
• On August 12, 2024, 17,358 shares were sold at a weighted average price of $0.0569 per share.
• Following these transactions, Palantir Technologies directly owns 9,866,754 shares of Rubicon Technologies' Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the filing itself is a standard disclosure, the sale of shares by a major holder like Palantir could be interpreted negatively by the market.

Risks

• The sales by Palantir Technologies could exert downward pressure on Rubicon Technologies' stock price.

Industry Context

Form 4 filings are standard disclosures for significant shareholders, providing transparency into their transactions. Palantir's actions may be of interest to other investors in the waste management and recycling technology space, as Rubicon is a player in that industry.

Stakeholder Impact

• Shareholders of Rubicon Technologies may react to the news of Palantir's stock sales.

Key Dates

Keywords

Rubicon Technologies, Palantir Technologies, RBTC, stock sale, Form 4, beneficial ownership, Class A Common Stock