Palantir insider Sankar sells 165,514 shares for taxes
Palantir Technologies executive Shyam Sankar reported compensation-related equity transactions tied to restricted stock units.
Rhea-AI Filing Summary
Palantir Technologies executive Shyam Sankar reported compensation-related equity transactions tied to restricted stock units. On May 20, 2026, he acquired rights to 375,000 shares of Class B Common Stock through vesting of RSUs, then converted 165,514 Class B shares into Class A Common Stock. He immediately sold the resulting Class A shares in multiple open-market trades at weighted average prices within ranges from about $132.48 to $136.835 per share to cover required tax withholding obligations, under a pre-arranged Rule 10b5-1 trading plan. The filing notes these RSUs were fully vested as of the transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
Sankar Shyam
Role
See Remarks
Sold
165,514 shs ($22.52M)
Approx. gross sale proceeds
$22.52M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 375,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 375,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 165,514 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 165,514 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 2,761 | $132.9528 | $367K |
| Sale | Class A Common Stock | 7,203 | $134.2027 | $967K |
| Sale | Class A Common Stock | 11,483 | $135.0886 | $1.55M |
| Sale | Class A Common Stock | 93,218 | $136.0811 | $12.69M |
| Sale | Class A Common Stock | 50,849 | $136.6143 | $6.95M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class B Common Stock — 3,698,598 contracts (Direct);
Class A Common Stock — 642,786 shares (Direct);
Class A Common Stock — 749,899 shares (Indirect, See Footnote)
Footnotes (10)
- F1. This transaction is part of a related series of transactions. The Reporting Person acquired rights to 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on May 20, 2026, converted 165,514 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on May 20, 2026. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2026 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
- 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 $132.48 to $133.43. 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 $133.52 to $134.51. 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 $134.52 to $135.51. 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 $135.52 to $136.515. 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 $136.52 to $136.835. 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.
- F9. These securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
- F10. The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
Key Figures
RSUs vested: 375,000 shares
Shares converted and sold: 165,514 shares
Sale price range (low): $132.48/share
+3 more
6 metrics
RSUs vested
375,000 shares
Incremental vesting of RSUs into Class B Common Stock on May 20, 2026
Shares converted and sold
165,514 shares
Class B converted to Class A then sold on May 20, 2026
Sale price range (low)
$132.48/share
Lower end of reported open-market sale price range
Sale price range (high)
$136.835/share
Upper end of reported open-market sale price range
Net sell shares
165,514 shares
Net share change from buy/sell activity per transaction summary
Derivative exercises/conversions
915,514 shares
Total shares involved in derivative exercises/conversions per summary
Key Terms
Restricted Stock Units, Rule 10b5-1 trading plan, tax withholding obligations, Class B Common Stock, +1 more
5 terms
Restricted Stock Units financial
"These securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan financial
"All sales were automatic sales of shares to cover required tax withholding obligations ... and were conducted in compliance with the Reporting Person's 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.
tax withholding obligations financial
"All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2026."
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 and has no expiration date."
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 occurring within that price range."
FAQ
What insider activity did Shyam Sankar report for Palantir (PLTR)?
Shyam Sankar reported equity compensation-related transactions on May 20, 2026. RSUs vested into 375,000 Class B shares, with 165,514 Class B shares converted into Class A and sold in multiple open-market trades primarily to cover tax withholding obligations.
What RSU vesting did Shyam Sankar report for Palantir (PLTR)?
Sankar reported incremental vesting of 375,000 Restricted Stock Units, each representing one share of Class B Common Stock. The filing states these RSUs were granted under Palantir’s Amended 2010 Equity Incentive Plan and were fully vested as of May 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
