Federal securities records show that Palantir CEO Alex Karp has sold more than $50 million worth of shares in the AI software company.
Tuesday and Wednesday, the deals for the stock happened between $125.26 and $127.70 per share. After the sales, Karp had about 6.43 million shares of Palantir stock, which were worth $787 million at the end of the day on Thursday.
According to the documents, the sales were linked to a series of automatic share sales that were needed to pay the taxes that were due on restricted stock units that were becoming fully paid for.
Other top leaders at the company based in Denver also sold stock.
Chief Technology Officer Shyam Sankar sold Palantir stock for about $21 million, and co-founder and president Stephen Cohen sold shares worth $43.5 million.
Over the past few weeks, Palantir shares have hit new highs. The company has jumped above Salesforce in market value and into the top 10 most valuable U.S. tech companies.
The digital analytics company has done well thanks to bets on AI and a rise in government contracts. This is because companies are focusing on streamlining, and President Trump wants to change the whole government with the Department of Government Efficiency, which is run by Elon Musk.
Since the beginning of 2025, the stock has done better than its tech peers, rising nearly 62%. However, buyers are paying a lot of money for each share.
In its earnings report earlier this month, the company raised its full-year forecasts because of the use of AI, but worries about growth in other countries caused shares to drop.
Karp told CNBC, “You don’t have to buy our shares,” as the price of shares fell. “We’re pleased. We’re going to work with the best people in the world and take the lead. You don’t have to go along for the ride, but you can.
