Palantir CEO Alexander Karp Files to Sell $70.3M in Shares
PLTR sits 64% above its 52-week low of $106.37.
Summary
Palantir CEO Alexander Karp filed to sell 402,348 shares worth about $70.3 million, adding to a pattern of significant insider selling over the past 90 days.
Key Events · Ownership and Investor Activity · PLTR
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CEO Files to Sell $70.3M in Shares
Alexander Karp, Palantir's CEO and a director, filed a Form 144 to sell 402,348 shares with an approximate market value of $70,341,535.20.
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Part of Broader Insider Selling
This filing adds to a 90-day pattern of insider distribution, with net insider sales totaling $102,163,204 and no open-market purchases.
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Shares Acquired as Restricted Stock
The shares to be sold were acquired on 08/20/2026 as restricted stock from the issuer, indicating a recent vesting event.
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No Prior Sales in Past 3 Months
The filing reports no securities sold by this filer in the past 3 months, making this a new sale intent.
Analysis · PLTR · Technology
Alexander Karp, Palantir's CEO and a director, filed a Form 144 to sell 402,348 shares worth approximately $70.3 million. This is a significant insider sale by the company's top executive, and it comes amid a backdrop of heavy insider selling over the past 90 days, with net insider sales totaling over $102 million. While the sale represents a small fraction of the company's market capitalization, the CEO's decision to sell a large dollar amount of stock is a notable signal that may weigh on investor sentiment, especially given the recent volatility in Palantir's share price.
At the time of this filing, PLTR was trading at $173.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $418B. The 52-week trading range was $106.37 to $207.52. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.