Palantir insider David Glazer files Form 144 to sell 81,000 PLTR shares
Rhea-AI Filing Summary
Form 144 filed for Palantir Technologies Inc. (PLTR) reporting a proposed sale of 81,000 common shares through Morgan Stanley Smith Barney LLC on 09/02/2025 with an aggregate market value of $12,693,510 and listing NASDAQ as the exchange. The filing shows the shares were acquired partly by exercise of stock options on 09/02/2025 (37,770 shares, paid in cash) and partly as restricted stock units on 08/20/2024 (43,230 shares). The notice names David Glazer as the selling person and discloses two recent sales by him during the past three months: 8,047 shares sold on 08/21/2025 for $1,253,349.65 and 9,633 shares sold on 08/20/2025 for $1,458,114.69. The filer represents no undisclosed material adverse information and includes the standard Rule 10b5-1 notice language.
Positive
- Detailed acquisition disclosure showing dates, nature (options and RSUs), and payment method for the sold shares
- Use of a national broker (Morgan Stanley Smith Barney LLC) and explicit aggregate market value enhance transparency
- Prior recent sales disclosed for the selling person, improving completeness of the insider transaction record
Negative
- Insider selling of significant value ($12,693,510 proposed sale) which may be perceived negatively by some investors
- Large block sold shortly after option exercise (37,770 shares exercised and included in this sale) which could signal concentrated liquidity needs
Insights
TL;DR Insider David Glazer plans to sell 81,000 PLTR shares valued at $12.7M, largely from recent option exercise and prior RSUs.
The filing is a routine Rule 144 notice showing proposed disposition of shares acquired by option exercise and restricted stock units. The use of a major broker and the contemporaneous disclosure of recent sales in August provides transparency on insider liquidity activity. For investors, this is a disclosure of insider selling but does not by itself indicate operational change at the company because the filing documents the disposal mechanics and prior acquisitions rather than company performance metrics.
TL;DR The Form 144 documents compliant insider selling with full acquisition and sale history disclosed.
The notice properly identifies acquisition dates, nature of acquisition