Palantir (NYSE: PLTR) officer Sankar sells 185,000 shares in Rule 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palantir Technologies Inc. officer Shyam Sankar reported a set of related insider transactions in the company’s Class A and Class B shares. On July 2, 2026, a trust associated with him, the Sankar Irrevocable Remainder Trust, sold 150,000 shares of Class A Common Stock in open-market trades under a preexisting Rule 10b5-1 trading plan.
On the same date, Sankar converted 35,000 shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis and immediately sold the resulting 35,000 Class A shares in the open market, also under the plan. After these transactions, the Remainder Trust held 599,899 Class A shares, and Sankar held 642,786 Class A shares directly and 3,663,598 Class B shares directly. He disclaims beneficial ownership of the shares held by the Remainder Trust except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 185,000 shares ($24,050,000)
Net Sell
4 txns
Insider
Sankar Shyam
Role
See Remarks
Sold
185,000 shs ($24.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 35,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 35,000 | $0.00 | -- |
| Sale | Class A Common Stock | 35,000 | $130.00 | $4.55M |
| Sale | Class A Common Stock | 150,000 | $130.00 | $19.50M |
Holdings After Transaction:
Class B Common Stock — 3,663,598 shares (Direct, null);
Class A Common Stock — 677,786 shares (Direct, null);
Class A Common Stock — 599,899 shares (Indirect, See Footnote)
Footnotes (1)
- This transaction is part of a related series of transactions undertaken on July 2, 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 March 11, 2026 by the Reporting Person and the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). The Reporting Person converted 35,000 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, and the Remainder Trust sold 150,000 shares of Class A Common Stock in the open market. 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. These shares are held of record by the Remainder Trust. 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
Total shares sold: 185,000 shares
Trust sale size: 150,000 shares
Officer sale size: 35,000 shares
+5 more
8 metrics
Total shares sold
185,000 shares
Open-market sales of Class A Common Stock on July 2, 2026
Trust sale size
150,000 shares
Class A shares sold by Sankar Irrevocable Remainder Trust on July 2, 2026
Officer sale size
35,000 shares
Class A shares sold by Shyam Sankar after conversion on July 2, 2026
Sale price per share
$130.00/share
Reported transaction price for Class A open-market sales
Trust Class A holdings
599,899 shares
Class A shares held by Remainder Trust after July 2, 2026 sale
Direct Class A holdings
642,786 shares
Class A shares held directly by Shyam Sankar after transactions
Direct Class B holdings
3,663,598 shares
Class B shares held directly by Shyam Sankar after conversion
Rule 10b5-1 plan date
March 11, 2026
Date the preexisting trading plan was entered into
Key Terms
Rule 10b5-1 trading plan, Class A Common Stock, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions undertaken on July 2, 2026 pursuant to 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.
Class A Common Stock financial
"The Reporting Person converted 35,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"The Class B Common Stock is convertible into the Issuer's Class A Common Stock on a 1-for-1 basis"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative security financial
"transaction_code_description": "Conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein."
FAQ
What insider transactions did Palantir (PLTR) officer Shyam Sankar report?
Shyam Sankar reported a series of related trades on July 2, 2026. He converted 35,000 Class B shares into Class A and sold those shares, while a related Remainder Trust sold 150,000 Class A shares in open-market transactions.
Were Shyam Sankar’s Palantir (PLTR) trades under a Rule 10b5-1 plan?
Yes. The footnotes state the July 2, 2026 transactions were undertaken pursuant to a preexisting Rule 10b5-1 trading plan entered into on March 11, 2026, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
What are Shyam Sankar’s direct Palantir (PLTR) holdings after the reported transactions?
Following the July 2, 2026 trades, Shyam Sankar held 642,786 shares of Palantir Class A Common Stock directly and 3,663,598 shares of Class B Common Stock directly, as reflected in the share balances reported after the transactions.
How does Palantir’s (PLTR) Class B stock convert into Class A stock in this filing?
The Form 4 states that Palantir’s Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis and has no expiration date. In this case, 35,000 Class B shares were converted into 35,000 Class A shares.