$Palantir (PLTR.US)$ Zhitong Finance APP learned that Palant...
$Palantir (PLTR.US)$ Zhitong Finance APP learned that Palantir (PLTR.US)'s stock price has soared sharply since it announced last Friday that it would officially join the S&P 500 index on September 23. One of the company's largest shareholders may cash out by selling up to nearly $1 billion in stocks.
According to the regulatory documents submitted by Palantir in August, Ravendell 7 LLC, an investment company owned by Peter Thiel, co-founder and chairman of Palantir, adopted the "10b5-1 rule plan" on May 15. The plan allows Rivendell 7 to sell up to 28,590,737 shares on or before December 31, 2025.
The company's executives and directors adopted this plan to avoid profit from buying and selling stocks due to the possession of undisclosed information. These plans will automatically execute transactions when the preset conditions (such as price, trading volume and time) are met.
So far, Thiel's stock sale plan has not implemented the sale of any Palantir shares. The last time Thiel sold Palantir shares was from May 8 to 10, when he sold a total of 13 million shares through the trading plan formulated on December 12, with a total transaction of $273.5 million and an average price of $21.11 per share.
Rivendell 7 sold 8 million Palantir shares in these transactions, and there are currently 62.9 million shares left. STS Holdings II LLC, another investment company in Thiel, also sold 5 million shares of Palantir in these transactions, leaving 15.7 million shares. In addition, other investment companies under the name of Thiel also hold 21 million shares of Palantir.
In addition, Thiel's investment company also owns 32.5 million Palantir B shares with over-voting rights. As the co-founder of Palantir, Thiel also owns the investment rights of 335,000 F-class shares alone through the Founder Voting Trust. Palantir's publicly traded shares have one vote per share, while Class B shares have 10 votes per share.
The founder voting trust consists of 1,005,000 F-class stocks, which are held on average by three co-founders of Palantir - Thiel, CEO Alexander Karp and President and Secretary Stephen Cohen, representing 4 9.99% of voting rights.
Since this year, Palantir's stock price has doubled, including the stock price soaring by 14% this Monday after announcing its accession to the S&P 500 index last Friday. Based on the latest stock price of $34.17, the total value of the shares that Thiel plans to sell is about $977 million.
It is not yet known when Thiel's stock sale plan will be implemented, but the current stock price is 62% higher than the average price at the time of sale in May.
According to the regulatory documents submitted by Palantir in August, Ravendell 7 LLC, an investment company owned by Peter Thiel, co-founder and chairman of Palantir, adopted the "10b5-1 rule plan" on May 15. The plan allows Rivendell 7 to sell up to 28,590,737 shares on or before December 31, 2025.
The company's executives and directors adopted this plan to avoid profit from buying and selling stocks due to the possession of undisclosed information. These plans will automatically execute transactions when the preset conditions (such as price, trading volume and time) are met.
So far, Thiel's stock sale plan has not implemented the sale of any Palantir shares. The last time Thiel sold Palantir shares was from May 8 to 10, when he sold a total of 13 million shares through the trading plan formulated on December 12, with a total transaction of $273.5 million and an average price of $21.11 per share.
Rivendell 7 sold 8 million Palantir shares in these transactions, and there are currently 62.9 million shares left. STS Holdings II LLC, another investment company in Thiel, also sold 5 million shares of Palantir in these transactions, leaving 15.7 million shares. In addition, other investment companies under the name of Thiel also hold 21 million shares of Palantir.
In addition, Thiel's investment company also owns 32.5 million Palantir B shares with over-voting rights. As the co-founder of Palantir, Thiel also owns the investment rights of 335,000 F-class shares alone through the Founder Voting Trust. Palantir's publicly traded shares have one vote per share, while Class B shares have 10 votes per share.
The founder voting trust consists of 1,005,000 F-class stocks, which are held on average by three co-founders of Palantir - Thiel, CEO Alexander Karp and President and Secretary Stephen Cohen, representing 4 9.99% of voting rights.
Since this year, Palantir's stock price has doubled, including the stock price soaring by 14% this Monday after announcing its accession to the S&P 500 index last Friday. Based on the latest stock price of $34.17, the total value of the shares that Thiel plans to sell is about $977 million.
It is not yet known when Thiel's stock sale plan will be implemented, but the current stock price is 62% higher than the average price at the time of sale in May.
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11237766 : Entered 500, 1 billion dollars is small money.
neohunter 11237766 : wow