Summary by Futu AI
Palantir Technologies Inc. Director Peter Thiel is set to sell 7,044,756 Class A shares of the company, according to a recent filing. The shares, acquired through a private placement on June 15, 2006, are expected to be sold on March 12, 2024, with an aggregate market value of approximately $178.6 million. This transaction follows a period where no other sales were reported in the past three months. The sale is planned as per instructions given on December 12, 2023.