Palantir Insiders Keep Selling Shares After $4 Billion Windfall in 2024
- CEO Alex Karp files to unload additional $1 billion in shares
- Co-founder Peter Thiel sold a third of his stake last year
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Two billionaire Palantir Technologies Inc. founders disclosed plans this week to unload more than $1.4 billion of stock, continuing a year-long selling streak that saw executives and board members cash out more than $4 billion in 2024.
Palantir insiders — including three co-founders and the chief legal, finance and technology officers — sold stakes in the business last year, with co-founder Peter Thiel offloading about a third of his holding. In many cases, executives were exercising options that were set to expire in 2030 or 2032.