Four executives plan to sell over $0.58 billion worth of company stocks by March 2026. $Palantir (PLTR.US)$ Four executives plan to sell over $0.58 billion worth of company stocks by March 2026.

These four executives are Chief Technology Officer Shyam Sankar, Chief Revenue Officer and Chief Legal Officer Ryan Taylor, Chief Financial Officer David Glazer, and President Stephen cohen. They have adopted what is known as the '10b5-1 Rule' plan to automatically execute stock trades when predefined conditions (such as price, trading volume, and time) are met. Based on the current market price of $50.82, the total value of these stocks is approximately $0.582 billion, with a total of 11.5 million shares planned to be sold.

Internal company personnel use such plans to avoid suspicions of bias due to knowledge of non-public information. Sankar and Glazer previously canceled their earlier sale plans and devised new plans to reduce the amount of stock sold, but did not specify the reasons for canceling the old plans and formulating new ones. Palantir has not responded to requests for comments on the executives' stock sale plans, and the new plans have not yet started trading. The company disclosed the establishment and adjustment of these plans in a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday.

According to the documents, Sankar adopted a new plan on August 29 to sell up to 7.305 million shares of Palantir stock by March 6, 2026, at the latest. On August 28, he canceled a plan established on August 31, 2023, which originally allowed him to sell up to 9.372 million shares of stock by June 30, 2025. Sankar's most recent sale of Palantir stock was on August 20 and 21, when he converted 217,312 Class B shares into an equal number of Class A shares listed on the New York Stock Exchange and sold an equivalent amount of Class A shares at an average price of $32.28 per share, totaling $7.01 million. Class B shares are not publicly traded but have 10 votes per share, while Class A shares have one vote per share. Class B shares can be converted at any time by the holders into an equivalent number of Class A shares for public market sale.

Cohen established a plan on September 11 to sell up to 2.339 million shares of Palantir stock by December 31, 2025, at the latest. His most recent sale was on August 20 and 21, when he converted 344,880 Class B shares into equal Class A shares and sold them at an average price of $32.25 per share, generating $11.1 million in transactions. The documents submitted to the SEC did not specify whether these transactions were made through the plan.

Glazer plans to sell up to 0.945 million shares of stock by June 30, 2025, at the latest. On September 10, he canceled two earlier sale plans, one for up to 1.479 million shares and the other for up to 1.119 million shares, originally scheduled to be executed by March 14, 2025. Glazer's most recent stock sale was on August 20 and 21 when he sold 87,021 shares through the plan at an average price of $32.35 per share, totaling $2.8 million.

Taylor plans to sell up to 0.867 million shares of stocks by June 30, 2025 at the latest. His most recent stock sale was on October 25, when he acquired 123,334 shares of Class A stocks through exercising stock options, with a total cost of $582,136 ($4.72 per share), and sold them at an average price of $45 per share, making a profit of $5.6 million.

Palantir's stock price has continued to rise after the company released a strong third-quarter financial report and provided an optimistic outlook. As of now, the stock price has nearly doubled this year, compared to a 21% increase in the s&p 500 index.

Editor/rice