Sankar Shyam, Chief Technology Officer and Executive Vice President of Palantir Technologies Inc., conducted various transactions between November 20, 2024, and November 21, 2024, totaling 135,086 shares of Class A Common Stock. These transactions involved converting Class B Common Stock to Class A Common Stock and immediately selling the resulting shares. These sales were primarily to cover required tax withholding obligations for the incremental vesting of restricted stock units. The substantial sales by an executive may typically be seen as a bearish signal, suggesting a potential overvaluation of the company's current stock price. Investors should pay close attention.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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