Summary by Futu AI
On February 20, 2024, Palantir Technologies Inc., a company incorporated in Delaware, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC). This filing pertains to the registration of additional shares of Class A common stock available for issuance under Palantir's 2020 Equity Incentive Plan. The plan is subject to an annual increase of shares, which on January 1, 2024, allowed for an additional 110,006,385 shares to become available for issuance. The 2020 Equity Incentive Plan is designed to provide equity incentives to employees and has been in effect since the first fiscal year starting January 1, 2022. The registration statement includes references to previously filed documents with the SEC, including Palantir's Annual Report for the fiscal year ended December 31, 2023. The company's CEO, Alexander C. Karp, and other executives have signed the document, affirming the company's compliance with SEC regulations and the Securities Act of 1933.