Palantir Technologies listed on the New York Stock Exchange.
Michael Nagle/Bloomberg
Palantir Technologies executives have continued to trim their holdings in the data analytics company in the wake of last week’s expiration of a lockup that followed the company’s direct listing in September.
Over the past two days, three executives filed with the Securities and Exchange Commission to disclose the sale of about $18.5 million in stock. That brings total sales disclosed by Palantir’s leaders this week to nearly $112 million.
In filings on Wednesday and Thursday, Palantir (ticker: PLTR) general counsel Matthew Long disclosed the sale of another 291,500 shares, raising $8.5 million. That follows his previously disclosed sale of $12.6 million of stock.
Ryan Taylor, chief legal and business affairs officer, sold an additional 162,500 shares for $4.5 million. Earlier this week, he had disclosed $5.5 million of stock sales.
Chief Financial Officer David Glazer sold 203,190 shares, generating proceeds of $5.5 million.
Previous sellers this week included COO Shyam Sankar, who sold $21.5 million of stock, and co-founder Stephen Cohen who sold $53.6 million of stock.
Palantir shares on Friday are down 0.5%, at $23.83.
Write to Eric J. Savitz at [email protected]
