Summary by Futu AI
Stephen Andrew Cohen, Director and Officer of Palantir Technologies Inc., plans to sell 450,000 shares of common stock on 12/12/2024. The aggregate market value of the shares to be sold is $32,629,500. These shares were acquired as Restricted Stock Units from the issuer on 05/20/2024.This sale is part of a larger pattern of recent stock dispositions by Cohen. Over the past three months, he has sold a total of 798,809 shares, generating gross proceeds of $53,482,863. Previous sales include 450,000 shares on 12/11/2024, 119,055 shares on 11/21/2024, and 229,754 shares on 11/20/2024.The planned sale is based on instructions given or a plan adopted on 09/11/2024, as indicated in the notice dated 12/12/2024. This transaction represents a significant insider stock movement for Palantir, potentially impacting investor sentiment and market dynamics.