Palantir (PLTR) CTO Shyam Sankar Gifts 350,000 Shares

What Happened Shyam Sankar, Palantir Technologies’ Chief Technology Officer and Executive Vice President, reported two gifts of PLTR stock: 55,498 shares on 2026-08-10 and 294,502 shares on 2026-08-11, for a total of 350,000 shares. The Form 4 records these as gifts (transaction code G) with $0.00 proceeds reported. These were dispositions by gift—not purchases or open-market sales—and the filing does not state a market value for the transfers.

Key Details

• Transaction dates and prices: 2026-08-10 — 55,498 shares, $0.00; 2026-08-11 — 294,502 shares, $0.00. Total gifted: 350,000 shares.
• Reported proceeds: $0 (gifts reported as dispositions without cash consideration on the Form 4).
• Filing: Form 4 filed 2026-08-12 covering transactions on 2026-08-10–11 (filed within the SEC’s usual two-business-day window).
• Shares owned after transaction: Not specified on this Form 4; the filing notes additional equity/disclosures in the issuer’s April 24, 2026 proxy statement.
• Notable footnotes: F1 — bona fide gift to a tax-exempt public charity under IRC §501(c)(3), not part of a Rule 10b5-1 plan; F2 — some shares are held of record by an irrevocable remainder trust and the reporting person disclaims beneficial ownership of those trust-held shares except for any pecuniary interest.
• Officer status: Reporting person is the company’s CTO and Executive VP (per the Form 4 remarks).

Context Gifts to charities are non-market transfers and do not necessarily reflect the insider’s view of the stock’s near-term prospects. The Form 4 reports the transfers as gifts (hence $0 consideration); if you want an approximate dollar value, multiply the gifted share total by Palantir’s market price on the transfer dates. For fuller disclosure of Sankar’s overall holdings, consult Palantir’s proxy statement referenced in the filing.