Sankar Shyam 4
4 · Palantir Technologies Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Palantir (PLTR) CTO Sankar Shyam Sells Shares After RSU Vesting
What Happened
Sankar Shyam, Chief Technology Officer and Executive Vice President of Palantir (PLTR), had incremental RSUs vest on May 20, 2026. He acquired rights to 375,000 Class B shares upon vesting, converted 165,514 of those Class B shares into Class A shares and sold those 165,514 shares in multiple open‑market trades the same day. The sales generated approximately $22.52 million and were automatic transactions to satisfy required tax withholding.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely).
- Shares sold: 165,514 shares (sold in multiple tranches).
- Prices: weighted-average prices reported by tranche ranged roughly from $132.48 to $136.835; total proceeds ≈ $22,516,876.
- RSU vesting: 375,000 RSU shares vested and were fully vested as of the transaction date.
- Mechanics/footnotes: Sales were automatic to cover tax withholding, conducted under a Rule 10b5‑1 trading plan. Class B common is convertible 1:1 into Class A. The Form 4 discloses the series of related derivative/conversion entries tied to the RSU vesting.
- Shares owned after transaction: total post-transaction holdings are not specified on this Form 4; the filing refers investors to the company’s proxy (filed April 24, 2026) for fuller ownership disclosures.
Context
- This was not a voluntary “market-timing” purchase — it was a routine sale to satisfy tax withholding on vested RSUs (a cashless/automatic sale). For derivative entries: the reporter received vested RSUs (contingent rights to Class B shares), converted some to Class A, and sold the converted shares.
- Such withholding sales are common and do not necessarily signal a change in executive sentiment about the company.
Insider Transaction Report
Form 4
Sankar Shyam
See Remarks
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-05-20+165,514→ 808,300 total - Sale
Class A Common Stock
[F1][F3]2026-05-20$132.95/sh−2,761$367,083→ 805,539 total - Sale
Class A Common Stock
[F1][F4]2026-05-20$134.20/sh−7,203$966,662→ 798,336 total - Sale
Class A Common Stock
[F1][F5]2026-05-20$135.09/sh−11,483$1,551,222→ 786,853 total - Sale
Class A Common Stock
[F1][F6]2026-05-20$136.08/sh−93,218$12,685,208→ 693,635 total - Sale
Class A Common Stock
[F1][F7]2026-05-20$136.61/sh−50,849$6,946,701→ 642,786 total - Exercise/Conversion
Restricted Stock Units
[F9][F1][F10][F2]2026-05-20−375,000→ 0 totalExp: 2026-05-20→ Class B Common Stock (375,000 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1]2026-05-20+375,000→ 3,864,112 total→ Class A Common Stock (375,000 underlying) - Conversion
Class B Common Stock
[F2][F1]2026-05-20−165,514→ 3,698,598 total→ Class A Common Stock (165,514 underlying)
Holdings
- 749,899(indirect: See Footnote)
Class A Common Stock
[F8]
Footnotes (10)
- [F1]This transaction is part of a related series of transactions. The Reporting Person acquired rights to 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on May 20, 2026, converted 165,514 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 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
- [F10]The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
- [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 shares are held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). These shares were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules. The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein.
- [F9]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.
Signature
/s/ Devon Klein, under power of attorney|2026-05-22