Palantir CTO gifts 350,000 shares to charity
Palantir Technologies Inc. executive Shyam Sankar, Chief Technology Officer and Executive Vice President, reported bona fide gifts of Palantir Class A common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| 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 | -- | -- | -- |
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
Key Terms
bona fide gift financial
Rule 10b5-1 trading plan regulatory
Section 501(c)(3) regulatory
Irrevocable Remainder Trust financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock transactions did PLTR executive Shyam Sankar report?
Were Shyam Sankar’s PLTR stock gifts made under a Rule 10b5-1 plan?
What indirect Palantir (PLTR) holdings are disclosed for Shyam Sankar?
Did the reported PLTR insider transactions involve open-market sales or purchases?
What does the Palantir (PLTR) Form 4 say about Shyam Sankar’s overall holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.