Palantir Director’s Form 4: Small 10b5-1 Sale, Large Holdings Remain

Rhea-AI Filing Summary

Palantir Technologies Inc. (PLTR) – Form 4 insider transaction

Director Lauren Elaina Friedman Stat reported a Rule 10b5-1 programmed sale of 800 Class A shares on 9 July 2025 at an average price of $139.61. Following the sale, the director retains 62,887 shares held directly and continues to control 80,794 shares indirectly through a spouse and 7,335 shares through a 2025 gift trust. No derivative security activity was reported.

The disclosed sale represents a small fraction of the insider’s overall ownership and was executed under a pre-scheduled trading plan adopted on 12 September 2024, which mitigates concerns about information asymmetry. No additional transactions or material events were indicated.

Positive

• Insider retains 62,887 direct shares, signalling continued alignment with shareholders
• Sale executed under a Rule 10b5-1 plan, demonstrating compliance and reducing information-timing risk

Negative

• Director sold 800 shares, which may be perceived as a mild negative signal despite its small size

Insights

Securities Analyst

TL;DR Minor 10b5-1 sale (800 shares); negligible impact on PLTR given large residual holdings.

The transaction accounts for less than 1% of Ms. Friedman Stat’s direct ownership. Because it was executed under a previously adopted 10b5-1 plan, the sale is regarded as routine portfolio diversification rather than an opportunistic move. With more than 150 k shares still controlled directly and indirectly, the director maintains a meaningful economic interest, limiting any negative signalling effect. From a market perspective, the sale volume is immaterial compared to Palantir’s average daily trading volume, so price impact should be negligible.

Corporate Governance Expert

TL;DR Governance-friendly disclosure; sale aligns with SEC best-practice via 10b5-1 plan.

The filing follows Section 16 requirements and clearly states the use of a 10b5-1 plan, supporting transparency and compliance. The modest size relative to total holdings reduces potential governance concerns about insider sentiment. No red flags such as clustered insider selling or derivative exercises are present. Overall, this is a routine disclosure with low governance risk.

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)
07/09/2025

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	07/09/2025		S(1)		800	D	$139.61	62,887	D
Class A Common Stock								80,794	I	By spouse
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 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 September 12, 2024.

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	07/11/2025
	** 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

How many Palantir (PLTR) shares did the director sell on 07/09/2025?

The Form 4 shows a sale of 800 Class A shares at an average price of $139.61.

Was the Palantir insider sale part of a 10b5-1 trading plan?

Yes. The transaction was executed under a Rule 10b5-1 plan adopted on 12 September 2024.

How many Palantir shares does the director still own after the sale?

She holds 62,887 shares directly and an additional 80,794 shares by spouse plus 7,335 shares via a gift trust.

Did the filing report any derivative security transactions?

No. Table II shows no derivative security activity for the period covered.

Does this insider sale materially affect Palantir's share float?

No. A sale of 800 shares is immaterial relative to Palantir’s public float and average daily volume.