Summary by Futu AI
Palantir Technologies Inc. announced that Officer Sankar Shyam plans to sell 30,000 common shares on 11/29/2024. The shares, acquired as Restricted Stock Units (RSUs) on 11/20/2024, have an aggregate market value of approximately $1.98 million.This transaction follows recent sales by Shyam, who sold 111,328 shares on 11/20/2024 and 57,689 shares on 11/21/2024, generating gross proceeds of approximately $10.44 million over the past three months. The planned sale is part of a pre-established trading plan adopted on 08/29/2024.Investors should note the significant volume of shares sold by Shyam in recent months, reflecting ongoing activity in Palantir's stock by its officers.