Palantir (PLTR) insiders sold over 4 million shares between 8/20 - 8/24
According to latest SEC filing, Palantir (PLTR) insiders have sold over 4 million shares between 8/20 and 8/24. Assuming the average selling price of $24 /share, this amounts to almost $100M.
Here is the breakdown:
Alexander Karp (CEO): sold 2,891,887 shares (roughly $69.4M)
Shyam Sankar (COO and Executive Vice President): sold 585,330 shares (roughly $14M)
Stephen Cohen (President and Secretary): sold 345,018 shares (roughly $8M)
David Glazer (CFO and Treasurer): sold 201,190 shares (roughly $4.8M)
Ryan Taylor (Chief Legal and Business Affairs Officer): sold 83,061 shares (roughly $2M)
To put it into perspective, the avg trading volume of PLTR is roughly 44 million shares. Given the amount of selling is quite significant especially when it came from c-suite executive, I think it's worth to share the news.
[http://archive.fast-edgar.com/20210824/A5ZIR22C3Z22O2H222JL2MZ2W73PZ22SY232/](http://archive.fast-edgar.com/20210824/A5ZIR22C3Z22O2H222JL2MZ2W73PZ22SY232/)
[http://archive.fast-edgar.com/20210824/AUZ2R22C3Z22U2H222J32MZ2NA9MV22SY232/](http://archive.fast-edgar.com/20210824/AUZ2R22C3Z22U2H222J32MZ2NA9MV22SY232/)
[http://archive.fast-edgar.com/20210824/A3Z8322C3Z22A2H222JC2MZ2NPQDZ22SY232/](http://archive.fast-edgar.com/20210824/A3Z8322C3Z22A2H222JC2MZ2NPQDZ22SY232/)
[http://archive.fast-edgar.com/20210824/ABZSJ22C3Z22C2H222J92MZ2TGLOZ22SY232/](http://archive.fast-edgar.com/20210824/ABZSJ22C3Z22C2H222J92MZ2TGLOZ22SY232/)
[http://archive.fast-edgar.com/20210824/ANZZD22C3Z22R2H222J52MZ26IQNZ22SY532/](http://archive.fast-edgar.com/20210824/ANZZD22C3Z22R2H222J52MZ26IQNZ22SY532/)
https://www.reddit.com/r/StockMarket/comments/pbidsw/palantir_pltr_insiders_sold_over_4_million_shares/
