[Form 4] Palantir Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Palantir Technologies (PLTR) director Lauren Elaina Friedman reported a sale of 800 shares of Class A common stock on 10/03/2025 at a price of $186.39 per share executed under a Rule 10b5-1 trading plan established on 09/12/2024. Following the sale, the reporting person beneficially owns 62,087 shares directly, and holds additional indirect interests of 50,794 shares via spouse and 7,335 shares in a child's 2025 gift trust (the reporting person is trustee). The Form 4 was signed under power of attorney on 10/07/2025. The filing notes it does not list all equity holdings and points readers to the issuer's proxy statement for fuller ownership detail.

Positive

• Sale executed under a Rule 10b5-1 plan, which provides an affirmative defense to insider trading concerns
• Reporting person retains substantial direct ownership of 62,087 shares after the transaction

Negative

• Insider sold shares in the open market, which may attract investor attention despite plan protection
• Form 4 does not disclose all holdings; investors must consult the proxy statement for full ownership context

Insights

Corporate Governance Analyst

Director sold a small portion of holdings under a prearranged 10b5-1 plan.

The sale of 800 shares at $186.39 reflects a transaction executed under a Rule 10b5-1 plan entered on 09/12/2024, which provides an affirmative defense to insider trading claims when properly adopted. This procedural detail reduces legal risk compared with ad hoc sales.

Ownership remains concentrated: 62,087 shares directly plus 50,794 and 7,335 indirectly, indicating ongoing substantial insider exposure. Watch for any subsequent Form 4s or plan terminations in the next 90 days for changes to trading cadence.

Investor Relations Specialist

Transaction size is small relative to reported holdings, likely non-material to ownership control.

Disposing of 800 shares against direct beneficial ownership of 62,087 represents a modest reduction (~1.29% of direct holdings if calculated), so this trade alone is unlikely to change governance dynamics. The filing explicitly points investors to the proxy statement for comprehensive ownership figures.

Investors seeking material shifts should compare future Form 4 filings to the proxy disclosure and monitor for aggregated insider sales over rolling quarters.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stat Lauren Elaina Friedman

(Last) (First) (Middle)

C/O PALANTIR TECHNOLOGIES INC.

1200 17TH STREET, FLOOR 15

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Palantir Technologies Inc. [ PLTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/03/2025		S(1)		800	D	$186.39	62,087	D
Class A Common Stock								50,794	I	By spouse
Class A Common Stock								7,335	I	By child's 2025 gift trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person sold shares of Class A Common Stock in the open market pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on September 12, 2024.

2. These shares are held of record by the Reporting Person's spouse's child's 2025 gift trust, of which the Reporting Person serves as trustee.

Remarks:

This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 25, 2025, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).

	/s/ Justin V. Laubach, under power of attorney	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PLTR director Lauren Elaina Friedman sell on 10/03/2025?

The director sold 800 shares of Class A common stock at $186.39 per share on 10/03/2025.

Was the sale by the PLTR director preplanned?

Yes. The sale was made pursuant to a Rule 10b5-1 trading plan entered on 09/12/2024.

How many PLTR shares does the reporting person own after the sale?

After the transaction the reporting person owns 62,087 shares directly, plus 50,794 held indirectly by a spouse and 7,335 in a child's 2025 gift trust.

Who executed the Form 4 filing for this transaction?

The Form 4 was signed under power of attorney by Justin V. Laubach on 10/07/2025.

Where can I find more complete ownership details for PLTR insiders?

The filing references the issuer's proxy statement filed on 04/25/2025 under security ownership disclosures for fuller details.