Palantir Technologies Inc. PLTR
Regular-session close
After hours · Nov 13, 7:59 PM ET
- YTD
- -5.49%
- 1 year
- -2.41%
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Bears need weeds
Karp has adopted a Rule 10b5-1 trading plan with the U.S. Securities and Exchange Commission (SEC) to sell up to 9,975,000 PLTR shares through Sept. 12 of this year. Based on the current trading price of $123, Karp’s planned sale of PLTR stock would net him proceeds of $1.23 billion.
However, in filing the new 10b5-1 trading plan, Karp canceled a previous plan that would have seen him sell much more stock — 48.9 million shares worth $6.01 billion. A 10b5-1 plan is used to remove the appearance of bias or that a company insider is benefitting from nonpublic information.
Bears can’t even read through and understand the news.
However, in filing the new 10b5-1 trading plan, Karp canceled a previous plan that would have seen him sell much more stock — 48.9 million shares worth $6.01 billion. A 10b5-1 plan is used to remove the appearance of bias or that a company insider is benefitting from nonpublic information.
Karp has adopted a Rule 10b5-1 trading plan with the U.S. Securities and Exchange Commission (SEC) to sell up to 9,975,000 PLTR shares through Sept. 12 of this year. Based on the current trading price of $123, Karp’s planned sale of PLTR stock would net him proceeds of $1.23 billion.
However, in filing the new 10b5-1 trading plan, Karp canceled a previous plan that would have seen him sell much more stock — 48.9 million shares worth $6.01 billion. A 10b5-1 plan is used to remove the appearance of bias or that a company insider is benefitting from nonpublic information.
Karp has adopted a Rule 10b5-1 trading plan with the U.S. Securities and Exchange Commission (SEC) to sell up to 9,975,000 PLTR shares through Sept. 12 of this year. Based on the current trading price of $123, Karp’s planned sale of PLTR stock would net him proceeds of $1.23 billion.
However, in filing the new 10b5-1 trading plan, Karp canceled a previous plan that would have seen him sell much more stock — 48.9 million shares worth $6.01 billion. A 10b5-1 plan is used to remove the appearance of bias or that a company insider is benefitting from nonpublic information.
Palantir
PLTR Technologies CEO Alex Karp announced he has adopted a new trading plan, and canceled the existing one, the data-analytics company said this will benefit shareholders and investors to keep their investment capital from falling short.