Summary by Futu AI
Stephen Andrew Cohen, Director and Officer of Palantir Technologies Inc., plans to sell 416,053 common shares on 12/13/2024, with an estimated market value of $30.46 million. These shares were acquired as Restricted Stock Units on 08/20/2024 from the issuer.This transaction is part of a larger selling pattern. Over the past three months, Cohen has sold a total of 1,248,809 shares, generating gross proceeds of $86.54 million. Recent sales include 450,000 shares each on 12/12/2024 and 12/11/2024, for $33.05 million and $31.93 million respectively.The sale is based on a plan adopted on 09/11/2024, indicating a pre-arranged trading strategy. This consistent selling activity by a high-ranking insider may be of interest to Palantir investors, potentially signaling the insider's view on the company's near-term prospects or personal financial planning.