Palantir Executives Plot $580 Million Stock Sell-off Amidst Soaring Valuations

Four senior executives at Palantir Technologies have disclosed plans to sell over $580 million worth of company shares by March 2026. This decision is part of pre-arranged trading programs known as 10b5-1 plans, which allow insiders to set up predetermined schedules for selling stocks and thus mitigate any accusations of trading based on insider information.

The executives in question include Chief Technology Officer Shyam Sankar, Chief Revenue Officer and Chief Legal Officer Ryan Taylor, Chief Financial Officer David Glazer, and President Stephen Cohen. Under current market valuations, these shares, totaling 11.5 million, are assessed at approximately $50.82 per share. Notable is the fact that Sankar and Glazer have previously revised their plans to reduce the amount of stock designated for sale, though specific reasons for these adjustments remain undisclosed.

Sankar established his new sales plan on August 29, targeting the sale of up to 7,305,000 shares by March 6, 2026. This represented a scale back from a previous plan dated August 31, 2023, which would have allowed for the sale of up to 9,372,000 shares by June 30, 2025. Recently, on August 20 and 21, Sankar converted 217,312 shares of B-class stock to A-class stock, selling them at an average of $32.28 each, fetching a total of $7.01 million.

Cohen also adopted a new trading plan on September 11, allowing for the possible sale of up to 2,339,000 Palantir shares by the end of 2025. His latest trade, executed on August 20 and 21, involved converting 344,880 B-class shares to A-class, sold at an average price of $32.25, yielding $11.10 million.

Glazer now aims to sell up to 945,000 shares by June 2025, having annulled two former plans for selling as many as 2,597,000 shares by March 2025. His latest transaction took place on August 20 and 21, involving the sale of 87,021 shares at $32.35 each, for a total of $2.80 million.

Taylor's plan includes selling up to 867,000 shares by late June 2025. On October 25, he exercised stock options to acquire 123,334 A-class shares at an aggregate expense of $582,136 or $4.72 per share, subsequently selling them at an average price of $45, thus netting $5.60 million.

Palantir’s stock has seen a remarkable rally this year, with its value having nearly tripled. This surge comes in the wake of robust third-quarter earnings and a positive forecast, far outpacing the S&P 500 Index's 21% rise.