Palantir Executives Sell More Than $120 Million in Pre-Arranged RSU Tax Sales

Overview

• The company's CEO Alexander Karp, CTO Shyam Sankar, and President Stephen Cohen executed automatic sales on May 20, 2026 to cover tax withholding from vested restricted stock units.
• Each vested RSU converted first into Class B shares and then one‑for‑one into Class A shares before those Class A shares were sold under pre-established 10b5-1 trading plans.
• Karp sold about 397,744 Class A shares for roughly $54.1 million, Sankar sold 165,514 shares for about $22.5 million, and Cohen sold 319,934 shares for roughly $43.5 million, totaling just over $120 million.
• All three executives retained substantial ownership through remaining Class A and Class B holdings despite the sales, with disclosures showing large post-sale balances for each director.
• The transactions follow a stronger-than-expected Q1 2026 report and come as PLTR trades near $136.88 with some analysts raising targets while third-party tools flag the stock as richly valued, a mix that could shape investor response to insider liquidity.