Palantir’s Tech Chief Wants to Sell $50 Million in Stock After the AI Crash
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Shyam Sankar, the chief technology officer of Palantir (NASDAQ:PLTR | PLTR Price Prediction), filed to sell 300,000 shares. The SEC accepted his Form 144 notice at 4:26 p.m. ET on November 10, 2026. It lists a total market value of $50,760,000, names Morgan Stanley Smith Barney as broker and gives November 10 as the approximate sale date.
The filing came after a sharp fall. Palantir fell 9.73% on November 5, the day the S&P 500 dropped 4.36% in the AI and chip selloff. That drop ended eight straight down sessions that began October 27.
The shares have recovered since then. They rose 5.50% on November 9, slipped 0.22% on November 10, and gained 2.12% to close at $172.40 on November 11. That close is still 17.53% below the October 9 closing high of $209.05, and the stock was trading at $169.80 after hours.
What Sankar’s Form 144 Actually Commits To
A Form 144 states an intent to sell. A later Form 4 will confirm whether any shares were sold and at what prices.
The shares came from restricted stock units, which are stock grants that turn into shares as they vest. These units vested between May 20, 2025, and August 20, 2025, and the notice reports no Palantir sales by Sankar in the prior three months.
The form says he is relying on a Rule 10b5-1 plan, which is a selling schedule set in advance. He adopted it on August 10, 2026, about three months before the selloff. The listed value is simply the share count priced at the $169.20 close on November 9.
How Small 300,000 Shares Is for Palantir
The block equals about 0.013% of the 2,306,705,341 shares outstanding listed on the form. At the November 11 close, it was worth about $51.7 million.
His Form 4 filings show regular, scheduled selling. He sold about $27.5 million on November 20, 2025, then $22.5 million on February 20, 2026, $22.5 million on May 20, $24.1 million on July 2, and $5.4 million on August 6. That adds up to about $102 million.
On August 6, he converted 35,000 Class B shares and sold them at weighted average prices between about $153.40 and $157.44. Afterward, he reported 642,786 Class A shares held directly, 599,899 in a trust he co-manages, and 3,628,598 Class B shares, although that form says it does not list all of his holdings.
Why Valuation Drove the Drawdown
The selloff came days after a strong quarter. On November 2, Palantir reported revenue of $2.313 billion, up 96%. U.S. commercial revenue rose 148% to $984 million, and U.S. government revenue rose 96% to $953 million.
Management raised full-year revenue guidance to $8.530 billion to $8.534 billion and guided fourth-quarter revenue to $2.649 billion to $2.653 billion. The results got better while the stock fell, which means the selloff was about what investors were willing to pay.
Palantir trades at about 245 times earnings and 189 times free cash flow. Executives at companies valued this high often sell on a schedule (riding a mania is one thing, planning the exit is another, and we covered both parts in a free bubble survivor’s handbook). Vested stock counts as income in the year it vests, and much of their wealth sits in a single stock, so a planned sale tells you very little.
What Investors Should Track in PLTR Stock Next
Sankar’s filing likely accounts for taxes owed on vested stock and a selling plan he set in August, while the quarter shows a faster-growing business.
The main risk is the stock price. Shares are down 3.01% in 2026 from a $177.75 year-end close. The 52-week range runs from $106.37 to an intraday high of $212.94.
The November 11 close is about 11.2% above the $154.99 close on November 5. A close below that level would mean the AI selloff has resumed, and that would undermine this view.
Next, keep an eye out for Sankar’s Form 4. The SEC posted no filings on Veterans Day, so it will likely arrive on November 12 or November 13. A sale well above 300,000 shares, or any sale outside the August plan, would change this assessment.
Contact [email protected] for any questions or corrections.
Omor Ibne Ehsan is a writer at 24/7 Wall St. He is a self-taught investor with a focus on growth, cyclical, and dividend equities that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as penny stocks.
