Palantir (NYSE: PLTR) executive reports RSU vesting, conversions and share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palantir Technologies executive Shyam Sankar reported a mix of equity awards vesting, share conversions, and related sales. On February 20, 2026, he acquired rights to 375,000 Restricted Stock Units (RSUs), each representing one share of Class B Common Stock, which became fully vested that day. He converted 168,004 Class B shares into 168,004 Class A shares and then sold those Class A shares in multiple open-market transactions to cover required tax withholding obligations, under a Rule 10b5-1 trading plan, at weighted-average prices in ranges between approximately $131.34 and $136.14. After these transactions, he directly held 642,786 Class A shares and 3,489,112 Class B shares, along with 375,000 RSUs, and also had indirect holdings of 749,899 Class A shares through a remainder trust, for which he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 168,004 shares ($22,465,231)
Net Sell
10 txns
Insider
Sankar Shyam
Role
See Remarks
Sold
168,004 shs ($22.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 375,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 375,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 168,004 | $0.00 | -- |
| Conversion | Class A Common Stock | 168,004 | $0.00 | -- |
| Sale | Class A Common Stock | 16,630 | $132.0346 | $2.20M |
| Sale | Class A Common Stock | 51,831 | $132.862 | $6.89M |
| Sale | Class A Common Stock | 43,685 | $133.7565 | $5.84M |
| Sale | Class A Common Stock | 46,188 | $134.8296 | $6.23M |
| Sale | Class A Common Stock | 9,670 | $135.7252 | $1.31M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 375,000 shares (Direct);
Class B Common Stock — 3,657,116 shares (Direct);
Class A Common Stock — 810,790 shares (Direct);
Class A Common Stock — 749,899 shares (Indirect, See Footnote)
Footnotes (1)
- This transaction is part of a related series of transactions. The Reporting Person acquired rights to 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on February 20, 2026, converted 168,004 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 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan. 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 shares are held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). These shares were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules. The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein. 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 Shyam Sankar report for Palantir (PLTR)?
Shyam Sankar reported RSU vesting, share conversions, and related sales. He received 375,000 RSUs, converted 168,004 Class B shares into Class A, then sold those 168,004 Class A shares in multiple open-market trades primarily to satisfy tax withholding obligations.
What RSU awards and conversions did Shyam Sankar receive in this Palantir (PLTR) Form 4?
He acquired rights to 375,000 Restricted Stock Units, each representing one share of Class B Common Stock. On the same date, 168,004 Class B shares were converted into 168,004 Class A shares, which were then sold to meet required tax withholding obligations from the vesting.