Palantir Technologies Inc. director and officer Alexander C. Karp reported a related series of equity transactions tied to restricted stock unit (RSU) vesting on May 20, 2026. He acquired rights to 975,000 and 877,500 shares of Class B Common Stock through incremental RSU vesting, then converted 397,744 Class B shares into Class A Common Stock.
Karp immediately sold the resulting 397,744 Class A shares in multiple open-market trades at weighted average prices between about $132.48 and $136.835. Footnotes state these were automatic sales to cover required tax withholding obligations in connection with the vesting and were executed under his Rule 10b5-1 trading plan.
Following these actions, Karp holds approximately 6,830,002 shares of Class A Common Stock and 52,310,493 shares of Class B Common Stock directly, with Class B shares convertible into Class A on a 1-for-1 basis.