Summary by Futu AI
Alexander C. Karp, Director and Officer of Palantir, plans to sell 482,241 common shares on 11/21/2024. The shares were acquired through the exercise of stock options on the same date, with a total market value of approximately $29.96 million.This transaction follows a series of significant sales by Karp over the past three months, totaling over 35 million shares and generating gross proceeds of approximately $1.72 billion. The sales have been executed in multiple tranches, with the most recent occurring on 11/20/2024.Investors should note the substantial volume of shares sold by Karp, reflecting ongoing liquidity events and potential strategic financial planning by Palantir's executive team.