Cohen Stephen Andrew 4
4 · Palantir Technologies Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Palantir (PLTR) President Stephen A. Cohen Sells Shares
What Happened
- Stephen A. Cohen (President and Secretary) acquired 675,000 shares on May 20, 2026 upon incremental vesting of previously granted RSUs and immediately converted Class B shares to Class A. He sold 319,934 of those Class A shares in multiple open-market transactions the same day to cover required tax withholding, generating total proceeds of approximately $43,524,501. The RSUs are granted under the company's equity plan and Class B shares convert 1-for-1 into Class A.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (no late filing indicated).
- Shares acquired from vesting: 675,000 RSUs (fully vested as of the transaction date).
- Shares sold: 319,934 shares (open-market sales) for total proceeds ≈ $43,524,501.
- Reported sale prices (multiple trades / weighted averages): $132.95, $134.20, $135.09, $136.08, $136.61; reported price ranges across sales: $132.48–$136.835.
- Transaction codes: S = sale (open market), M/C = exercise/conversion of derivative (RSU conversion to stock), F (sales were automatic to satisfy tax withholding).
- Shares remaining from this vesting: roughly 675,000 − 319,934 = ~355,066 (this Form 4 does not disclose total holdings; see the Issuer’s proxy statement for complete ownership details).
Context
- This was a routine tax-withholding sale tied to RSU vesting (cashless/automatic sale) rather than an independent open-market sell decision. Derivative/RSU activity: RSUs vested into Class B common stock (convertible 1-for-1 to Class A), converted to Class A, and a portion was sold immediately to cover taxes. For full context on Cohen’s total holdings, refer to the company’s proxy filings.
Insider Transaction Report
Form 4
Cohen Stephen Andrew
DirectorSee Remarks
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-05-20+319,934→ 320,526 total - Sale
Class A Common Stock
[F1][F3]2026-05-20$132.95/sh−5,337$709,569→ 315,189 total - Sale
Class A Common Stock
[F1][F4]2026-05-20$134.20/sh−13,923$1,868,504→ 301,266 total - Sale
Class A Common Stock
[F1][F5]2026-05-20$135.09/sh−22,196$2,998,427→ 279,070 total - Sale
Class A Common Stock
[F1][F6]2026-05-20$136.08/sh−180,187$24,520,045→ 98,883 total - Sale
Class A Common Stock
[F1][F7]2026-05-20$136.61/sh−98,291$13,427,956→ 592 total - Exercise/Conversion
Restricted Stock Units
[F8][F1][F9][F2]2026-05-20−675,000→ 0 totalExp: 2026-05-20→ Class B Common Stock (675,000 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1]2026-05-20+675,000→ 14,206,938 total→ Class A Common Stock (675,000 underlying) - Conversion
Class B Common Stock
[F2][F1]2026-05-20−319,934→ 13,887,004 total→ Class A Common Stock (319,934 underlying)
Footnotes (9)
- [F1]This transaction is part of a related series of transactions. The Reporting Person acquired rights to 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on May 20, 2026, converted 319,934 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.
- [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 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.
- [F9]The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
Signature
/s/ Devon Klein, under power of attorney|2026-05-22