Palantir Form 144: 23,290 Restricted Shares Proposed Sale on 08/20/2025
Rhea-AI Filing Summary
Form 144 notice for Palantir Technologies Inc. (PLTR): The filing reports a proposed sale of 23,290 common shares to be executed on 08/20/2025 through Morgan Stanley Smith Barney LLC. The filing states an aggregate market value of $3,525,318.80 for those shares and lists 2,371,337,421 shares outstanding. The securities were reported as restricted stock acquired from the issuer with acquisition and payment dates shown as 08/20/2025. The filing also discloses prior sales by Ryan Taylor during the past three months totaling 100,606 shares for gross proceeds of $15,256,501.12. The filer attests there is no undisclosed material adverse information.
Positive
- Full Rule 144 disclosure provided, including broker, sale dates, amounts, and proceeds
- Filer attestation that no undisclosed material adverse information exists
Negative
- Substantial insider sales in the past three months totaling 100,606 shares for $15,256,501.12
- Proposed sale of 23,290 restricted shares scheduled for 08/20/2025 may signal continued insider liquidity
Insights
TL;DR: Insider Ryan Taylor plans to sell a small portion of company stock and has completed sizable sales in the past three months.
The Form 144 shows a proposed sale of 23,290 shares and prior insider sales totaling 100,606 shares in the past three months for $15.26 million. Relative to the reported 2.37 billion shares outstanding, the current proposed sale is immaterial in share count but prior sales generated notable cash proceeds. The filing provides standard disclosure of restricted stock acquisition and sale through a broker, and includes the required attestation regarding undisclosed material information. No earnings or operational data are provided in the filing to gauge broader company impact.
TL;DR: Disclosure appears complete for a Rule 144 submission; multiple recent insider sales are documented.
The document follows Rule 144 format, naming the broker, sale dates, amounts, and proceeds. The acquisition listed as restricted stock with identical acquisition and payment dates to the proposed sale is unusual but presented as reported. From a governance perspective, the repeated insider sales should be noted by investors as owner liquidity events; however, the filing contains the standard representation that no material nonpublic information exists. There are no governance or compliance exceptions evident within the text provided.