Summary by Futu AI
Palantir Technologies Inc. Director and Officer, ALEXANDER C KARP, is set to sell 3,343,707 common shares of the company on 11/05/2024, as per the latest filing. The shares, valued at approximately $138.46 million, were acquired on the same date through the exercise of stock options, with payment made in cash. This transaction follows a series of sales over the past three months, where KARP sold a total of 15,631,293 shares, amounting to gross proceeds of roughly $611.62 million. The planned sale is part of a pre-arranged trading plan adopted on 12/12/2023.