Summary by Futu AI
Palantir Technologies Inc. Director Peter Thiel is set to sell 4,242,000 Class A shares of the company, with an aggregate market value of approximately $157.8 million, on 10/01/2024. The shares were originally acquired on 06/15/2006 through a private placement from the issuer, with payment made in cash. This planned sale follows a series of transactions over the past three months where Thiel sold a total of 24,348,737 shares, generating gross proceeds of nearly $898.7 million.