Palantir (NYSE: PLTR) director sells 327,088 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palantir Technologies director and officer Stephen Andrew Cohen reported a mix of equity awards, conversions, and automatic tax-sales on February 20, 2026. He acquired rights to 675,000 shares of Class B Common Stock through incremental vesting of previously granted restricted stock units, which were fully vested on that date.
Cohen then converted 327,088 shares of Class B Common Stock into 327,088 shares of Class A Common Stock and immediately sold those Class A shares in multiple open-market transactions to cover required tax withholding obligations tied to the vesting event. After these transactions, he directly held 592 shares of Class A Common Stock and 13,531,938 shares of Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 327,088 shares ($43,737,696)
Net Sell
9 txns
Insider
Cohen Stephen Andrew
Role
See Remarks
Sold
327,088 shs ($43.74M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 675,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 675,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 327,088 | $0.00 | -- |
| Conversion | Class A Common Stock | 327,088 | $0.00 | -- |
| Sale | Class A Common Stock | 32,376 | $132.0346 | $4.27M |
| Sale | Class A Common Stock | 100,910 | $132.862 | $13.41M |
| Sale | Class A Common Stock | 85,051 | $133.7565 | $11.38M |
| Sale | Class A Common Stock | 89,924 | $134.8296 | $12.12M |
| Sale | Class A Common Stock | 18,827 | $135.7252 | $2.56M |
Holdings After Transaction:
Restricted Stock Units — 675,000 shares (Direct);
Class B Common Stock — 13,859,026 shares (Direct);
Class A Common Stock — 327,680 shares (Direct)
Footnotes (1)
- This transaction is part of a related series of transactions. The Reporting Person acquired rights to 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on February 20, 2026, converted 327,088 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 20, 2026. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2026. The Class B Common Stock is convertible into the Issuer's Class A Common Stock on a 1-for-1 basis and has no expiration date. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $131.34 to $132.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $132.34 to $133.3361. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $133.34 to $134.3303. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $134.34 to $135.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $135.34 to $136.14. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in price ranges on the date indicated. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. These securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock. The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
FAQ
What insider transactions did Stephen Andrew Cohen report for Palantir (PLTR)?
Stephen Andrew Cohen reported RSU vesting, share conversions, and related sales on February 20, 2026. He acquired 675,000 Class B shares through RSU vesting, converted 327,088 to Class A, then sold those Class A shares in automatic open-market trades to cover tax withholding obligations.
What equity awards did Stephen Andrew Cohen receive from Palantir in this filing?
He acquired rights to 675,000 shares of Palantir Class B Common Stock through incremental vesting of previously granted restricted stock units. Each RSU represents a right to receive one Class B share, and the vested RSUs were fully vested as of February 20, 2026, under Palantir’s equity incentive plan.