Summary by Futu AI
On 12/11/2024, Sankar Shyam, an executive at Palantir Technologies Inc., completed a stock transaction involving the company's Class A Common Stock. Shyam gifted 50,000 shares, classified as a bona fide gift transaction with a reported price of $0.Following this transaction, Shyam's direct ownership of Palantir's Class A Common Stock decreased to 702,786 shares. Additionally, Shyam indirectly holds 749,899 shares of the same class, as noted in a footnote to the filing. The nature of this indirect beneficial ownership was not specified in the provided information.The transaction was reported as completed, with no acquisition of shares recorded in this particular filing. The gift represents a reduction in Shyam's direct holdings but does not affect the reported indirect ownership.