Palantir Form 144 — 36,048 RSUs Set to Sell; Prior Sales Total $17.9M
Rhea-AI Filing Summary
Form 144 notice for Palantir Technologies Inc. (PLTR) reports an intended sale of 36,048 common shares with an aggregate market value of $5,628,534.72 based on approximately 2,274,261,581 shares outstanding. The proposed sale is scheduled for 09/05/2025 on NASDAQ.
Those shares were acquired as restricted stock units (RSUs) on 08/20/2024. The filing also lists prior sales by the same person, including five transactions totaling 116,907 shares generating $17,864,319.51 in gross proceeds during the past three months, with multiple entries identified as 10b5-1 sales.
Positive
- Securities were acquired as Restricted Stock Units (RSUs) with acquisition date provided (08/20/2024), clarifying the origin of the shares.
- Several prior transactions are identified as 10b5-1 sales, indicating the use of pre-arranged trading plans for some dispositions.
Negative
- Insider sales in the past three months totaled 116,907 shares, generating $17,864,319.51 in gross proceeds, showing substantial insider liquidity.
- Current notice seeks to sell 36,048 shares with an aggregate market value of $5,628,534.72, scheduled for 09/05/2025.
Insights
TL;DR: Insider plans to sell RSUs equal to 36,048 shares; recent 10b5-1 and open-market sales totaled 116,907 shares for $17.86M.
The filing documents a routine insider disposition under Rule 144 and confirms acquisition of the shares as RSUs on 08/20/2024. The planned sale of 36,048 shares on 09/05/2025 represents a disclosed planned transfer rather than an unannounced market sale. The record of multiple 10b5-1 sales in the past three months indicates pre-established trading arrangements for at least some transactions. For investors, these are factual disclosures about insider liquidity activity; the filing does not provide operational or financial performance data for Palantir.
TL;DR: Filing is a formal insider sale notice showing RSU vesting and subsequent planned and executed sales, including 10b5-1 plan use.
This Form 144 identifies the nature of acquisition as Restricted Stock Units vested on 08/20/2024 and documents both planned and completed dispositions. The presence of 10b5-1 sales suggests adherence to pre-arranged trading plans for some transactions. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information. The filing contains no additional governance changes or disclosures beyond insider sale details.