Palantir CTO reports 60,000-share charitable gift under 10b5-1 plan
Rhea-AI Filing Summary
Palantir Technologies insider transaction: The company's Chief Technology Officer and Executive Vice President, Shyam Sankar, reported a gift of 60,000 Class A common shares on 09/04/2025 under a Rule 10b5-1 trading plan. The shares were donated to a tax-exempt public charity and transferred at no cash price. After the reported gift, Mr. Sankar is shown as directly owning 642,786 Class A shares and indirectly associated with 749,899 Class A shares held in a remainder trust where he serves as co-trustee; he disclaims beneficial ownership of the trust shares except to the extent of any pecuniary interest.
Positive
- Transaction executed under a Rule 10b5-1 plan, which supports pre-clearance and timing defenses for insider trades
- Charitable donation of 60,000 shares to a tax-exempt public charity, reflecting non-personal disposition of shares
Negative
- Decrease in direct holdings by 60,000 Class A shares, lowering direct ownership to 642,786 shares
Insights
TL;DR: Routine insider gift reported under a Rule 10b5-1 plan; disclosure aligns with SEC requirements and proxy holdings.
The Form 4 shows a nondiscretionary, bona fide charitable gift of 60,000 Class A shares executed under a 10b5-1 plan, indicating pre-existing authorization for the transaction. The filing also clarifies indirect holdings via an irrevocable remainder trust, with the reporting person disclaiming beneficial ownership except for any pecuniary interest. This is a standard governance disclosure and does not indicate undisclosed compensation or unexplained transfers.
TL;DR: Transaction is non-sale disposition for charity; reduces direct holdings modestly but reflects planned activity.
The reported code G gift of 60,000 shares at $0 reduces the reporting person’s direct stake to 642,786 shares. Use of a 10b5-1 plan is explicitly mentioned, which supports an affirmative defense to Rule 10b-5 timing claims. The disclosure of 749,899 shares in a remainder trust provides additional context on total economic exposure but includes a disclaimer of beneficial ownership. Overall, the filing is informational and routine.