Palantir CTO sells 35,000 shares under 10b5-1 plan
Palantir Technologies Inc. officer Shyam Sankar reported a related series of transactions on August 6, 2026 under a preexisting Rule 10b5-1 trading plan entered into on March 11, 2026.
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.
Form Type
4
Rhea-AI Filing Summary
Palantir Technologies Inc. officer Shyam Sankar reported a related series of transactions on August 6, 2026 under a preexisting Rule 10b5-1 trading plan entered into on March 11, 2026. He 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 multiple open-market trades at weighted average prices ranging from about $153.07 to $157.52 per share. Following the conversion, he directly held 3,628,598 shares of Class B Common Stock and had an indirect interest in 599,899 Class A shares held by the Sankar Irrevocable Remainder Trust, for which 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
8 txns
Insider
Sankar Shyam
Role
See Remarks
Sold
35,000 shs ($5.45M)
Approx. gross sale proceeds
$5.45M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F2, F1 | 35,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 35,000 | -- | -- |
| Sale | Class A Common Stock F1, F3 | 2,735 | $153.4046 | $420K |
| Sale | Class A Common Stock F1, F4 | 6,191 | $154.653 | $957K |
| Sale | Class A Common Stock F1, F5 | 16,063 | $155.7404 | $2.50M |
| Sale | Class A Common Stock F1, F6 | 7,976 | $156.7791 | $1.25M |
| Sale | Class A Common Stock F1, F7 | 2,035 | $157.4435 | $320K |
| holding | Class A Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,628,598 contracts (Direct);
Class A Common Stock — 642,786 shares (Direct);
Class A Common Stock — 599,899 shares (Indirect, See Footnote)
Footnotes (8)
- F1. This transaction is part of a related series of transactions undertaken on August 6, 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. 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.
- 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 $153.0726 to $153.594. 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 $154.1016 to $155.0576. 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 $155.2154 to $156.1851. 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 $156.2618 to $157.145. 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 $157.3622 to $157.5238. 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. 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
Shares converted: 35,000 shares of Class B Common Stock
Shares sold: 35,000 shares of Class A Common Stock
Sale price example: $155.7404 per share
+3 more
6 metrics
Shares converted
35,000 shares of Class B Common Stock
Converted into Class A Common Stock on August 6, 2026 on a 1-for-1 basis
Shares sold
35,000 shares of Class A Common Stock
Sold in multiple open-market transactions on August 6, 2026
Sale price example
$155.7404 per share
Weighted average sale price for 16,063 Class A shares sold in one line item
Remaining Class B holdings
3,628,598 shares
Direct Class B Common Stock held by Shyam Sankar after the conversion
Indirect Class A holdings
599,899 shares
Class A shares held by the Sankar Irrevocable Remainder Trust; beneficial ownership disclaimed except for pecuniary interest
10b5-1 plan date
March 11, 2026
Date the preexisting Rule 10b5-1 trading plan was entered into
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, weighted average sale price, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"undertaken on August 6, 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 B Common Stock financial
"The Class B Common Stock is convertible into the Issuer's Class A Common Stock"
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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price of trades"
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest"
beneficial ownership financial
"disclaims beneficial ownership of the shares held by the Remainder Trust"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Palantir (PLTR) CTO Shyam Sankar report on August 6, 2026?
Shyam Sankar reported converting 35,000 Class B shares into Class A and immediately selling 35,000 Class A shares in multiple open-market trades pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2026.
What indirect Palantir (PLTR) holdings are reported for Shyam Sankar in this Form 4?
The Form 4 lists 599,899 Class A shares held by the Sankar Irrevocable Remainder Trust, where Shyam Sankar is co-trustee. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the trust.
Was Shyam Sankar’s Palantir (PLTR) stock sale executed under a Rule 10b5-1 plan?
Yes. The filing states the August 6, 2026 conversion and related sales were undertaken under 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).
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates