Palantir (NYSE: PLTR) CEO offloads stock after big RSU vesting
Rhea-AI Filing Summary
Palantir Technologies Inc. (PLTR) reported that CEO Alexander C. Karp completed a series of equity transactions on August 20, 2026. Previously granted RSUs vested into 975,000 shares of Class B Common Stock, which, together with other derivative positions, resulted in 2,442,348 shares being exercised or converted. A total of 492,348 shares of Class A Common Stock were then sold in open-market transactions at weighted average prices within disclosed ranges, with footnotes stating these sales were automatic transactions to cover required tax withholding obligations related to the vesting and were carried out under preexisting Rule 10b5-1 trading plans.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
18 txns
Insider
Karp Alexander C.
Role
See Remarks
Sold
492,348 shs ($86.06M)
Approx. gross sale proceeds
$86.06M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F14, F1, F15, F2 | 877,500 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F2, F1 | 877,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F16, F1, F15, F2 | 97,500 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F2, F1 | 97,500 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F2, F1 | 402,348 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F2, F8 | 90,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 402,348 | -- | -- |
| Sale | Class A Common Stock F1, F3 | 11,378 | $172.6542 | $1.96M |
| Sale | Class A Common Stock F1, F4 | 19,493 | $173.7864 | $3.39M |
| Sale | Class A Common Stock F1, F5 | 306,544 | $174.8455 | $53.60M |
| Sale | Class A Common Stock F1, F6 | 63,629 | $175.4185 | $11.16M |
| Sale | Class A Common Stock F1, F7 | 1,304 | $176.3133 | $230K |
| Conversion | Class A Common Stock F8, F2 | 90,000 | -- | -- |
| Sale | Class A Common Stock F8, F9 | 4,200 | $172.6597 | $725K |
| Sale | Class A Common Stock F8, F10 | 11,602 | $173.845 | $2.02M |
| Sale | Class A Common Stock F8, F11 | 62,498 | $174.7299 | $10.92M |
| Sale | Class A Common Stock F8, F12 | 11,200 | $175.4821 | $1.97M |
| Sale | Class A Common Stock F8, F13 | 500 | $176.302 | $88K |
Holdings After Transaction:
Restricted Stock Units — 18,525,000 shares (Direct);
Class B Common Stock — 52,492,901 shares (Direct);
Class A Common Stock — 6,432,258 shares (Direct)
Footnotes (16)
- F1. This transaction is part of a related series of transactions. The Reporting Person acquired rights to 975,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on August 20, 2026, converted 402,348 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 20, 2026. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 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 $172.19 to $173.13. 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 $173.21 to $174.20. 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 $174.21 to $175.208. 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 $175.21 to $176.19. 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 $176.28 to $176.37. 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. This transaction is part of a related series of transactions undertaken on August 20, 2026 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on March 12, 2026. The Reporting Person converted 90,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock in the open market.
- F9. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $172.19 to $173.09. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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.
- F10. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $173.21 to $174.20. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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.
- F11. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $174.21 to $175.20. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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.
- F12. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $175.21 to $176.18. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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.
- F13. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $176.26 to $176.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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.
- F14. 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.
- F15. The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
- F16. These securities are RSUs granted pursuant to the Issuer's 2020 Executive Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
Key Figures
Total derivative shares exercised/converted: 2,442,348 shares
RSUs vested into Class B Common Stock: 975,000 shares
Class A shares sold: 492,348 shares
+2 more
5 metrics
Total derivative shares exercised/converted
2,442,348 shares
Derivative exercises and conversions reported for August 20, 2026
RSUs vested into Class B Common Stock
975,000 shares
Incremental vesting of RSUs on August 20, 2026
Class A shares sold
492,348 shares
Open-market sales of Class A Common Stock on August 20, 2026
Sale price range
$172.19–$176.37 per share
Weighted average prices across reported Class A sales on August 20, 2026
Rule 10b5-1 plan adoption date
March 12, 2026
Preexisting Rule 10b5-1 trading plan governing certain August 20, 2026 transactions
Key Terms
Restricted Stock Units, Rule 10b5-1 trading plan, weighted average sale price, tax withholding obligations, +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 regulatory
"undertaken on August 20, 2026 pursuant to a preexisting 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price of trades"
tax withholding obligations financial
"All sales were automatic sales of shares to cover required tax withholding obligations"
convertible financial
"The Class B Common Stock is convertible into the Issuer's Class A Common Stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What equity awards vested for Alexander Karp in Palantir (PLTR) on August 20, 2026?
Footnotes state that incremental vesting of previously granted RSUs gave Alexander Karp rights to 975,000 shares of Class B Common Stock on August 20, 2026. These RSUs were fully vested as of that date and are governed by Palantir’s equity incentive plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.