SCHEDULE: Palantir Technologies Inc. Grants Power of Attorney
Limited Power of Attorney
Palantir Technologies Inc. has issued a Limited Power of Attorney to Devon Klein and Leticia Quezada, authorizing them to execute and file necessary SEC forms related to securities transactions.
Summary
- Palantir Technologies Inc. has established a Limited Power of Attorney (POA) designating Devon Klein and Leticia Quezada as its attorneys-in-fact.
- This POA grants the appointed individuals the authority to complete and execute various SEC filings, including Forms 144, 3, 4, and 5, as well as Schedules 13D, 13G, and Forms 13F and 13H.
- The purpose of this authorization is to ensure compliance with Rule 144 under the Securities Act of 1933 and Section 16 of the Securities Exchange Act of 1934, and related regulations.
- The attorneys-in-fact are empowered to take all necessary actions to file these forms with the SEC and any relevant stock exchanges.
- The POA remains in effect until the undersigned is no longer required to file these documents or until it is revoked in writing.
- The document was executed on May 19, 2026, and signed by Ryan Taylor, Chief Revenue Officer & Chief Legal Officer of Palantir Technologies Inc.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it pertains to administrative delegation for regulatory compliance rather than operational or financial performance.
Positives
- Ensures timely and compliant filing of required securities-related forms with the SEC.
- Streamlines the process for reporting insider transactions and significant ownership changes.
- Provides clear delegation of authority for critical regulatory compliance tasks.
Risks
- Potential for errors in filings if the appointed attorneys-in-fact are not diligent.
- Risk of unauthorized actions if the POA is not properly managed or revoked when necessary.
- Dependence on specific individuals for critical compliance functions.
Future Outlook
The future outlook is tied to the ongoing compliance and reporting requirements for Palantir Technologies Inc.'s securities transactions, managed through the delegated authority in this Power of Attorney.
Management Comments
- "The undersigned hereby grants to each such attorneys-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present..."
- "The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigneds responsibilities to comply with the Securities Act or Section 16 or Section 13 of the Exchange Act, as applicable."
Industry Context
StockSavvy.ai notes that the issuance of a Limited Power of Attorney for SEC filings is a standard corporate governance practice, particularly for companies with active trading by officers and directors or significant institutional holdings. This allows for efficient and compliant handling of regulatory reporting obligations.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Granting of Limited Power of Attorney to specific individuals to execute and file SEC forms related to securities transactions. | May 19, 2026 | Enhances operational efficiency and ensures compliance with regulatory requirements for securities reporting. |
Stakeholder Impact
- Shareholders: Indirectly benefit from ensured compliance, reducing potential regulatory penalties or scrutiny.
- Management: Frees up management time by delegating specific compliance tasks.
- Regulatory Bodies (SEC): Facilitates timely and accurate submission of required disclosures.
Next Steps
- Devon Klein and Leticia Quezada will act as attorneys-in-fact for Palantir Technologies Inc. for specified SEC filings.
- The POA will remain in effect until revoked or until the undersigned is no longer required to file the specified documents.
Key Dates
| Date | Description |
|---|---|
| 2026-05-19 | Date of execution of the Limited Power of Attorney. |
| 2026-06-24 | Date of event requiring filing of Schedule 13G by Palantir Technologies Inc. for Surf Air Mobility Inc. |
| 2026-06-26 | Date of Issuer's Prospectus Supplement filing, stating 110,994,594 shares of common stock outstanding for Surf Air Mobility Inc. |
| 2026-07-01 | Date of signature by Devon Klein as Attorney-in-Fact for Palantir Technologies Inc. on Schedule 13G. |
Keywords
Power of Attorney, SEC Filings, Palantir Technologies Inc., Securities Act, Exchange Act, Insider Trading, Form 144, Form 3, Form 4, Form 5, Schedule 13D, Schedule 13G, Form 13F, Form 13H, Regulatory Compliance
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