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Palantir COO Sankar Discloses $21.5 Million in Stock Sales

Palantir Technologies went public in September on the New York Stock Exchange.

Michael Nagle/Bloomberg

Palantir Technologies Chief Operating Officer Shyam Sankar disclosed in a filing with the Securities and Exchange Commission that he sold 757,510 shares between Feb. 19 and Feb. 23, at prices ranging from $24.59 to $29 a share. Proceeds were about $21.5 million.

With the sales, Sankar now owns 2,879,793 shares in the data analytics company, not counting 1.07 million shares held in two trusts he controls, according to the filing.

The disclosure followed filings earlier this week covering 2.7 million shares sold by three other Palantir executives.

As reported, Stephen Cohen, Palantir’s co-founder and president, sold 2 million shares, on Feb. 18, 19, and 22, at prices ranging from $25.07 to $30.03 a share. Those sales generated proceeds of about $53.6 million. 

Matthew Long, general counsel, sold 503,864 shares on Feb. 18, at prices ranging from $25.04 to $25.86 a share, for proceeds of about $12.6 million. 

Ryan Taylor, chief legal officer and business affairs officer, sold 218,255 shares on Feb. 18, at prices ranging from $25.07 to $25.85 a share, raising about $5.5 million. 

The sales followed the expiration last week of Palantir’s post-IPO lockup period.

Palantir shares (ticker: PLTR) on Wednesday closed down 1.4%, at $26.38. The S&P 500 was up 1.1%.

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