Palantir Technologies (NYSE: PLTR) CTO Shyam Sankar gifts 350,000 shares to charity
Rhea-AI Filing Summary
Palantir Technologies Inc. executive Shyam Sankar, Chief Technology Officer and Executive Vice President, reported bona fide gifts of Palantir Class A common stock. On August 11, 2026, he gifted 294,502 shares, and on August 10, 2026, he gifted 55,498 shares, in total 350,000 shares, to a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code. These gifts were made in compliance with, but not subject to, his Rule 10b5-1 trading plan. The filing also lists 599,899 shares of Class A common stock held indirectly in the Sankar Irrevocable Remainder Trust, for which he is co-trustee and disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 350,000 shares
Net Sell
3 txns
Insider
Sankar Shyam
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1 | 294,502 | $0.00 | $0.00 |
| Gift | Class A Common Stock F1 | 55,498 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 292,786 shares (Direct);
Class A Common Stock — 599,899 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Represents a bona fide gift of shares by the Reporting Person to a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code, in compliance with, but not subject to, the Reporting Person's Rule 10b5-1 trading plan.
- F2. These shares are held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). These shares were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules.The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein.
Key Figures
Gifted shares on 2026-08-11: 294,502 shares
Gifted shares on 2026-08-10: 55,498 shares
Total gifted shares: 350,000 shares
+2 more
5 metrics
Gifted shares on 2026-08-11
294,502 shares
Bona fide gift of Palantir Class A common stock to a Section 501(c)(3) charity
Gifted shares on 2026-08-10
55,498 shares
Bona fide gift of Palantir Class A common stock to a Section 501(c)(3) charity
Total gifted shares
350,000 shares
Sum of two bona fide gifts of Palantir Class A common stock reported in this Form 4
Indirect trust holdings
599,899 shares
Class A shares held by the Sankar Irrevocable Remainder Trust; beneficial ownership disclaimed except for pecuniary interest
Reported price per gifted share
$0.0000 per share
Price field for both bona fide gift transactions of Palantir Class A common stock
Key Terms
bona fide gift, Rule 10b5-1 trading plan, Section 501(c)(3), Irrevocable Remainder Trust
4 terms
bona fide gift financial
"Represents a bona fide gift of shares by the Reporting Person to a tax-exempt public charity"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Rule 10b5-1 trading plan regulatory
"in compliance with, but not subject to, the Reporting Person's Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Section 501(c)(3) regulatory
"gift of shares by the Reporting Person to a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code"
Irrevocable Remainder Trust financial
"held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did PLTR executive Shyam Sankar report?
Shyam Sankar reported two bona fide gifts of Palantir Class A common stock totaling 350,000 shares. The gifts occurred on August 10 and 11, 2026, and were made to a tax-exempt public charity under Section 501(c)(3).
Were Shyam Sankar’s PLTR stock gifts made under a Rule 10b5-1 plan?
The gifts were made in compliance with, but not subject to, Shyam Sankar’s Rule 10b5-1 trading plan. A footnote explains this relationship to the plan while characterizing the transfers as bona fide gifts to a tax-exempt public charity.
What indirect Palantir (PLTR) holdings are disclosed for Shyam Sankar?
The Form 4 discloses 599,899 Class A shares held indirectly in the Sankar Irrevocable Remainder Trust. Shyam Sankar is co-trustee and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Did the reported PLTR insider transactions involve open-market sales or purchases?
No open-market trades are reported. The Form 4 lists two code G transactions, which are bona fide gifts of Palantir Class A common stock to a tax-exempt public charity, at a reported price of $0.0000 per share.
What does the Palantir (PLTR) Form 4 say about Shyam Sankar’s overall holdings?
The filing states it is not intended to disclose all shares or equity securities held by Shyam Sankar. For a broader view, it refers to Palantir’s proxy statement filed April 24, 2026, including the security ownership section.