[Form 4] Palantir Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

The Form 4 for Palantir Technologies Inc. (PLTR) reports that on September 11, 2025 the reporting person’s spouse sold multiple blocks of Class A common stock under a Rule 10b5-1 trading plan entered June 12, 2025. Reported sales include 1,673 shares at a weighted-average price of $164.2626, 7,936 shares at $164.9899, 3,391 shares at $165.9378, and 8,000 shares at $167.25. The Form shows the reporting person’s beneficial ownership following those transactions as 79,121, 71,185, 67,794, and 59,794 shares respectively for the related line items. The filing notes that 7,335 shares are held of record by the reporting person’s spouse’s child’s 2025 gift trust, of which the reporting person is trustee. The Form states it was prepared to reflect these specific transactions and refers readers to the issuer’s April 25, 2025 proxy statement for broader ownership details.

Positive

• Sales executed under a documented Rule 10b5-1 trading plan, providing an affirmative defense framework
• Detailed weighted-average prices and per-line post-sale beneficial ownership are disclosed for the reported transactions
• Disclosure of indirect holdings in a 2025 gift trust and trustee role is explicitly stated

Negative

• Multiple open-market dispositions on a single date reduced the reporting person’s reported beneficial ownership levels
• Form notes it does not disclose all shares or equity securities held by the reporting person, requiring reference to the proxy for complete ownership context

Insights

Financial Analyst

TL;DR: Insider-related open-market sales occurred under a pre-established Rule 10b5-1 plan; reported prices and post-sale beneficial ownership are disclosed.

The filing documents multiple open-market sell transactions executed on 09/11/2025 by the reporting person’s spouse pursuant to a Rule 10b5-1 plan dated 06/12/2025. Quantities and weighted-average prices are provided for each block, enabling precise calculation of proceeds for those blocks. The Form also supplies the corresponding beneficial ownership figures after each reported disposition and discloses an indirect holding of 7,335 shares in a child’s gift trust. For investors tracking insider activity, these facts allow clear, verifiable reconciliation of the specific sales recorded on that date without broader inference about intent or future transactions.

Corporate Governance Expert

TL;DR: Transactions follow a documented 10b5-1 plan and disclosure includes trustee and trust holdings; governance disclosure appears compliant.

The Form 4 explicitly states the spouse’s sales were executed under a Rule 10b5-1 trading plan, which supports an affirmative defense to insider trading claims when plan conditions are met. The filing identifies indirect ownership via a spouse and a child’s 2025 gift trust with the reporting person as trustee, and offers to provide detailed per-trade price breakdowns to SEC staff or security holders. The signature by power of attorney is included. Based solely on the document, disclosures address material governance aspects relevant to Section 16 reporting requirements.

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).

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)
09/11/2025

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	09/11/2025		S(1)		1,673	D	$164.2626(2)	79,121	I	By spouse
Class A Common Stock	09/11/2025		S(1)		7,936	D	$164.9899(3)	71,185	I	By spouse
Class A Common Stock	09/11/2025		S(1)		3,391	D	$165.9378(4)	67,794	I	By spouse
Class A Common Stock	09/11/2025		S(1)		8,000	D	$167.25	59,794	I	By spouse
Class A Common Stock								62,887	D
Class A Common Stock								7,335	I	By child's 2025 gift trust(5)

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. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $163.62 to $164.60. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (2) through (4) 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.

3. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $164.62 to $165.53. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (2) through (4) 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.

4. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $165.62 to $166.44. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (2) through (4) 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.

5. 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	09/15/2025
	** 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 transactions does the PLTR Form 4 report for September 11, 2025?

The Form 4 reports open-market sales by the reporting person’s spouse on 09/11/2025 of 1,673, 7,936, 3,391, and 8,000 Class A shares at weighted-average prices of $164.2626, $164.9899, $165.9378, and $167.25 respectively.

Were the sales executed under a Rule 10b5-1 plan?

Yes. The Form states the spouse’s sales were executed pursuant to a Rule 10b5-1 trading plan entered into on June 12, 2025.

How much beneficial ownership did the reporting person have after the reported sales?

The Form shows post-transaction beneficial ownership values of 79,121, 71,185, 67,794, and 59,794 shares corresponding to the reported sale line items.

Does the Form disclose any indirect holdings?

Yes. The filing discloses 7,335 shares held of record by the reporting person’s spouse’s child’s 2025 gift trust, for which the reporting person is trustee.

Will more detailed per-trade price information be provided if requested?

Yes. The reporting person undertakes to provide full information on the number of shares sold at each separate sale price upon request by SEC staff, the issuer, or a security holder.