Palantir CEO and Executives Offload Over $100M in Company Stock Amid Record Highs

Palantir CEO Alex Karp and other top executives have sold over $114 million worth of company stock. Karp sold more than $50 million, while CTO Shyam Sankar sold $21 million and co-founder Stephen Cohen sold $43.5 million. The stock sales come as Palantir's shares hit record highs and the company pushes into AI and wins lucrative government contracts. Despite concerns about international growth, PLTR stock has risen 62% this year.

Palantir Technologies (PLTR) has seen its stock hit record highs recently, with the company's shares surging nearly 62% in 2025. This growth has been driven by the company's strong performance in artificial intelligence (AI) and its wins in lucrative government contracts. However, despite this success, several top executives, including CEO Alex Karp, have sold significant amounts of their shares.

According to securities filings, Alex Karp, the CEO of Palantir, sold over $50 million worth of shares. Additionally, Chief Technology Officer Shyam Sankar sold about $21 million worth of shares, while co-founder and president Stephen Cohen unloaded approximately $43.5 million in shares. These sales, totaling over $114 million, were part of a series of automatic share sales to cover required tax withholding obligations tied to vesting restricted stock units [1].

The stock transactions, which occurred on Tuesday and Wednesday, were executed between $125.26 and $127.70 per share. Following these sales, Karp owned about 6.43 million shares of Palantir stock, worth approximately $787 million based on Thursday's closing price [1].

Palantir's stock has outperformed its tech peers this year, reaching a record high despite Monday's 3% decline, which was part of a broader market pullback triggered by Moody's downgrade of the U.S. government's credit rating [2]. The stock's performance has been buoyed by optimism around easing global trade tensions and strong demand for AI applications. The company recently reported better-than-expected quarterly revenue and raised its full-year guidance, further fueling investor confidence.

Investors will be closely watching Palantir's execution on government contracts and any further upside revisions to guidance in the second half of 2025. Despite concerns about international growth, the company's momentum from strategic defense deals suggests continued investor confidence.

References:
[1] https://www.cnbc.com/2025/05/23/palantir-shares-alex-karp.html
[2] https://www.tradingview.com/news/gurufocus:71bcc93a1094b:0-palantir-pltr-falls-3-as-u-s-credit-downgrade-weighs-on-market/