Sankar Shyam 4

4 · Palantir Technologies Inc. · Filed Jul 7, 2026

AI-generated summary of this filing

Updated Jul 8, 2026

Palantir (PLTR) CTO Sankar Shyam Sells 185,000 Shares

What Happened

Sankar Shyam, Chief Technology Officer and Executive Vice President of Palantir (PLTR), completed related transactions on July 2, 2026 under a preexisting Rule 10b5-1 plan. He converted 35,000 Class B shares into Class A shares and immediately sold those 35,000 Class A shares at $130.00 each for $4,550,000. Separately, 150,000 shares held of record by an irrevocable remainder trust were sold in the open market at $130.00 each for $19,500,000. Total reported open-market proceeds ≈ $24.05 million.
The conversion reflects the Class B → Class A 1-for-1 conversion (no cash payment). The filing notes the Reporting Person disclaims beneficial ownership of the shares held by the trust except for any pecuniary interest.

Key Details

Transaction date: July 2, 2026. Filing date: July 7, 2026 (filed after the usual 2-business-day Form 4 window).
Sale prices: $130.00 per share for the open-market sales.
Shares sold: 35,000 (converted then sold by Shyam) + 150,000 (sold by the Remainder Trust) = 185,000 shares sold; proceeds ≈ $24.05M.
Conversion: Class B common stock is convertible 1-for-1 into Class A common stock and has no expiration date.
10b5-1 plan: Transactions were made pursuant to a Rule 10b5-1 trading plan entered March 11, 2026 (affirms prearranged nature of trades).
Shares owned after transaction: Not specified in this Form 4 — see the company’s proxy statement for broader ownership details.
Beneficial ownership note: The Reporting Person disclaims beneficial ownership of shares held by the Remainder Trust except to the extent of his pecuniary interest.

Context

These were sales, not purchases, and so do not signal insider buying. The use of a 10b5-1 plan indicates the trades were prearranged to provide an affirmative defense under insider trading rules. Converting Class B into Class A is a non-cash conversion (not a cash exercise of options). The involvement of the Remainder Trust means some shares sold were trust-owned and the insider disclaims beneficial ownership of those trust-held shares beyond any pecuniary interest.

Form 4

Period: 2026-07-02

See Remarks

Transactions

Conversion
Class A Common Stock
[F1][F2]
2026-07-02+35,000→ 677,786 total
Sale
Class A Common Stock
[F1]
2026-07-02$130.00/sh−35,000$4,550,000→ 642,786 total
Sale
Class A Common Stock
[F1][F3]
2026-07-02$130.00/sh−150,000$19,500,000→ 599,899 total(indirect: See Footnote)
Conversion
Class B Common Stock
[F2][F1]
2026-07-02−35,000→ 3,663,598 total
→ Class A Common Stock (35,000 underlying)

Footnotes (3)

[F1]This transaction is part of a related series of transactions undertaken on July 2, 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 11, 2026 by the Reporting Person and the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). The Reporting Person converted 35,000 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, and the Remainder Trust sold 150,000 shares of Class A Common Stock in the open market.
[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]These shares are held of record by the Remainder Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein.

Signature

/s/ Devon Klein, under power of attorney|2026-07-07

1 file