Palantir Form 144 Filed for 23,290 Restricted Shares Sale
Rhea-AI Filing Summary
Form 144 notice for Palantir Technologies Inc. (PLTR) shows a proposed sale of 23,290 restricted common shares through Morgan Stanley Smith Barney, with an aggregate market value of $3,525,318.80 and the company reporting 2,371,337,421 shares outstanding. The filing lists the acquisition as restricted stock acquired 08/20/2025 with the same date shown for payment. The filer disclosed prior sales by David Glazer on 05/21/2025 totaling 3,418 shares for $430,548.57 in gross proceeds. The notice includes the required attestation about lack of undisclosed material adverse information and a signature warning about false statements.
Positive
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Insights
TL;DR: Insider plans to sell ~23k restricted shares valued at $3.53M; prior small disposals in May totaled 3,418 shares for $430.5k.
The filing documents a proposed Rule 144 sale by an insider via Morgan Stanley Smith Barney, specifying restricted stock acquired and proposed sale on 08/20/2025. The size of the proposed sale is modest relative to the issuer's 2.37 billion shares outstanding, suggesting limited direct dilution or market impact. Prior open-market sales on 05/21/2025 by the same individual total 3,418 shares for $430,548.57, indicating ongoing liquidity events. This is routine disclosure of insider liquidity rather than operational news.
TL;DR: Filing meets Rule 144 disclosure requirements; attestation provided, showing compliance with insider-sale reporting.
The form contains the required representations under Rule 144, including an attestation that no material nonpublic information is known. The filing names the broker, provides exact share counts, market value, acquisition details, and prior sales within three months—key elements for transparency. From a governance perspective, timely submission of this Form 144 supports regulatory compliance and public disclosure of insider transactions.