Palantir (PLTR) CTO Sankar Shyam Sells 35,000 Shares

What Happened

• Sankar Shyam, Chief Technology Officer and Executive Vice President of Palantir Technologies (PLTR), converted 35,000 shares of Class B common stock into Class A common stock and immediately sold those 35,000 Class A shares in the open market on August 6, 2026. The sales were executed in multiple blocks at prices between roughly $153.07 and $157.52. Reported per-block sales: 2,735 @ $153.40, 6,191 @ $154.65, 16,063 @ $155.74, 7,976 @ $156.78, and 2,035 @ $157.44. Total proceeds reported: $5,449,545 (weighted average ≈ $155.70/share).
• This series of transactions was carried out pursuant to a preexisting Rule 10b5-1 trading plan established March 11, 2026.

Key Details

• Transaction date: August 6, 2026 (Form 4 filed Aug 10, 2026 — within the standard filing window).
• Total shares sold: 35,000 (resulting from a 1-for-1 conversion of Class B to Class A shares).
• Total proceeds: $5,449,545; weighted average sale price ≈ $155.70 per share.
• Notable footnotes: sales executed in multiple trades with price ranges reported (see footnotes F3–F7); conversion and immediate sale were part of a 10b5-1 plan (F1, F2).
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.
• Officer status: Sankar Shyam is an executive (CTO & EVP); the filing disclaims that it may not list all holdings and refers to the company proxy for fuller ownership details (see Remarks and F8 for trust-held shares).

Context

• These transactions were sales (liquidity), not purchases. They were executed under an existing 10b5-1 trading plan, which is commonly used by insiders to preauthorize trades and provide an affirmative defense against allegations of trading on material nonpublic information. The Class B shares converted on a 1-for-1 basis to Class A shares before sale.
• For more granular breakdowns of the individual trade prices within each reported line item, the filer notes they will provide detailed per-trade price/quantity information to the SEC or a security holder on request (per footnotes F3–F7).