[Form 4] Palantir Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filed for Palantir Technologies Inc. (PLTR) reports that a reporting person identified as Stat Lauren Elaina Friedman, a director, disclosed transactions dated 09/18/2025. The filing states the reporting person’s spouse sold 9,000 shares of Class A common stock in the open market at $177.60 per share pursuant to a Rule 10b5-1 trading plan entered on June 12, 2025. The filing notes indirect holdings include 50,794 shares held by the spouse and 7,335 shares held in a child’s 2025 gift trust for which the reporting person is trustee. The Form 4 was signed under power of attorney on 09/22/2025. The filer states the form is limited to the transactions reported and refers readers to the issuer’s proxy statement for broader ownership details.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, which supports transparency about insider trading timing

Negative

• None.

Insights

Financial Analyst

TL;DR: A director disclosed a routine, pre-planned open-market sale of 9,000 PLTR shares under a 10b5-1 plan; this is transparency rather than a material governance event.

The transaction is specific and executed under an established Rule 10b5-1 trading plan, which generally mitigates concerns about opportunistic insider timing. The sale size (9,000 shares at $177.60) is disclosed alongside remaining indirect holdings, helping clarify insider exposure but the filing does not provide context on percentage ownership or materiality relative to total holdings. No derivative activity or other unusual transactions are reported. For investors, this is a routine disclosure rather than evidence of a change in company fundamentals.

Corporate Governance Expert

TL;DR: Use of a 10b5-1 plan indicates procedural compliance and reduces ambiguity about insider intent.

The reporting person’s spouse executed the sale pursuant to a 10b5-1 plan dated June 12, 2025, which is a standard governance mechanism to demonstrate pre-planned trading and defend against allegations of trading on material nonpublic information. The Form 4 also discloses indirect holdings through family and a gift trust, and the filing includes a power-of-attorney signature, indicating proper procedural filing. There are no red flags such as accelerated option exercises, large unscheduled disposals, or related-party transfers disclosed here.

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)
09/18/2025

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	09/18/2025		S(1)		9,000	D	$177.6	50,794	I	By spouse
Class A Common Stock								62,887	D
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's spouse 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 June 12, 2025.

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	09/22/2025
	** 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 the PLTR director report on Form 4?

The report discloses that the reporting person’s spouse sold 9,000 Class A shares in the open market on 09/18/2025 at $177.60 per share.

Was the sale by the PLTR insider part of a 10b5-1 plan?

Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan entered on June 12, 2025.

How many PLTR shares does the reporting person indirectly hold after the transaction?

The filing shows 50,794 shares held indirectly by the spouse and 7,335 shares held in a child’s 2025 gift trust for which the reporting person is trustee.

Did the Form 4 report any derivative transactions or option exercises?

No. The filing’s Table II for derivatives contains no reported transactions; only the open-market sale in Table I is disclosed.

When was the Form 4 signed and filed?

The Form 4 was signed under power of attorney on 09/22/2025 as shown on the filing.