Palantir CTO Sankar sells 384,680 shares in two days
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Form Type
4
Rhea-AI Filing Summary
Palantir Technologies Inc. Chief Technology Officer and Executive Vice President Shyam Sankar converted 300,000 Class B shares into Class A shares and immediately sold them in open-market transactions on November 10, 2026. On November 11, 2026, he converted and sold another 84,680 shares at $175.0701 per share. Both conversions were 1-for-1, and both days’ transactions were made under a preexisting Rule 10b5-1 plan adopted August 10, 2026. The November 10 sale line items reported prices from $164.8119 to $169.2900 per share. Separately, 599,899 Class A shares were held of record by Shyam Sankar as co-trustee of the Sankar Irrevocable Remainder Trust; he disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Sankar Shyam
Role
See Remarks
Sold
384,680 shs ($64.93M)
Approx. gross sale proceeds
$64.93M
Share of Position Sold
31.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F2, F8 | 84,680 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F8, F2 | 84,680 | -- | -- |
| Sale | Class A Common Stock F8 | 84,680 | $175.0701 | $14.82M |
| Conversion | Class B Common Stock F2, F1 | 300,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 300,000 | -- | -- |
| Sale | Class A Common Stock F1, F3 | 19,200 | $164.8119 | $3.16M |
| Sale | Class A Common Stock F1, F4 | 58,790 | $165.7614 | $9.75M |
| Sale | Class A Common Stock F1, F5 | 64,178 | $166.566 | $10.69M |
| Sale | Class A Common Stock F1, F6 | 92,847 | $167.5265 | $15.55M |
| Sale | Class A Common Stock F1, F7 | 64,685 | $168.5672 | $10.90M |
| Sale | Class A Common Stock F1 | 300 | $169.29 | $51K |
| Holding | Class A Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,243,918 shares (Direct);
Class A Common Stock — 857,616 shares (Direct);
Class A Common Stock — 599,899 shares (Indirect, See Footnote)
Holdings Before and After:
Class B Common Stock, 3,628,598 to 3,243,918 shares (Direct);
Class A Common Stock, 857,616 to 857,616 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (9)
- F1. This transaction is part of a related series of transactions undertaken on November 10, 2026 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on August 10, 2026. The Reporting Person converted 300,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock in the open market.
- F2. The Class B Common Stock is convertible into the Issuer's Class A Common Stock on a 1-for-1 basis and has no expiration date.
- F3. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $164.13 to $165.11. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F4. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $165.13 to $166.12. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F5. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $166.13 to $167.12. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F6. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $167.13 to $168.12. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F7. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $168.13 to $168.99. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F8. This transaction is part of a related series of transactions undertaken on November 11, 2026 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on August 10, 2026. The Reporting Person converted 84,680 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock in the open market.
- F9. 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
Class B shares converted November 10: 300,000 shares
Class B shares converted November 11: 84,680 shares
November 10 reported sale prices: $164.8119–$169.2900 per share
+3 more
6 metrics
Class B shares converted November 10
300,000 shares
Converted 1-for-1 into Class A shares and immediately sold.
Class B shares converted November 11
84,680 shares
Converted 1-for-1 into Class A shares and immediately sold.
November 10 reported sale prices
$164.8119–$169.2900 per share
Prices reported across the November 10 sale line items.
November 11 sale price
$175.0701 per share
Sale of 84,680 Class A shares.
Trust-held Class A shares
599,899 shares
Held of record by Shyam Sankar as co-trustee of the Sankar Irrevocable Remainder Trust.
Rule 10b5-1 plan adoption date
August 10, 2026
The reported transactions were made under a preexisting plan.
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership
3 terms
Rule 10b5-1 trading plan regulatory
"under a preexisting 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.
weighted average sale price financial
"reflects the weighted average sale price of trades"
beneficial ownership financial
"disclaims beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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