On May 20-21, 2025, Palantir CEO Alex Karp sold 390,417 Class A common stock shares worth 50.4 million USD. This sale was part of a planned series of automatic transactions for tax obligations regarding restricted stock units.
After the sale, Karp retains roughly 6.43 million shares valued at about 787 million USD. Other executives, including CTO Shyam Sankar and president Stephen Cohen, also sold significant shares, with Cohen selling approximately 43.5 million USD.
Palantir’s stock surged following strong quarterly earnings with 884 million USD in revenue, but analysts are concerned about future growth due to cuts in Department of Defense spending and reliance on government contracts.
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