Sankar Shyam 4

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.