Shyam Sankar, Chief Technology Officer and Executive Vice President of Palantir Technologies Inc., filed a Form 4 on October 30, 2026, disclosing the acquisition of 564,830 shares of Class A Common Stock on October 28, 2026.

Key Highlights

  • Transaction: Shyam Sankar acquired 564,830 shares of Palantir Technologies Class A Common Stock on October 28, 2026, at a price of $0.
  • Transaction Code: The acquisition was coded "A" (Award), indicating the shares were received as a grant rather than a market purchase.
  • Direct Holdings After Transaction: Following the reported acquisition, Sankar directly holds 857,616 shares of Class A Common Stock.
  • Indirect Holdings: An additional 599,899 shares are held indirectly by Shyam Sankar as Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020, which were not subject to a transaction covered by this filing.
  • Beneficial Ownership Disclaimer: According to the filing, the reporting person "disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein."
  • Issuer: Palantir Technologies Inc., listed as NASDAQ:PLTR.

Sankar's October 28 Award and Resulting Ownership in Palantir Technologies

According to the Form 4 filed on October 30, 2026, Shyam Sankar, identified in the filing as Chief Technology Officer and Executive Vice President of Palantir Technologies Inc. (NASDAQ:PLTR), reported the acquisition of 564,830 shares of Class A Common Stock on October 28, 2026. The transaction was coded "A," denoting an award, and the stated price was $0 per share. Following this transaction, Sankar's direct beneficial ownership of Class A Common Stock stands at 857,616 shares, as disclosed in the filing.

The filing also lists 599,899 shares held indirectly through the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020, in which Sankar serves as Co-Trustee. The filing states that these shares "were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules." Sankar disclaims beneficial ownership of those trust-held shares except to the extent of his pecuniary interest.

The filing notes it "is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person," and directs readers to the issuer's Proxy Statement filed with the SEC on April 24, 2026, for a fuller picture of Sankar's overall equity holdings. The Form 4 was signed by Devon Klein under power of attorney on October 30, 2026.

What Was Disclosed

Palantir Technologies CTO and EVP Shyam Sankar reported a stock award of 564,830 Class A shares at $0, bringing his direct holdings to 857,616 shares, with an additional 599,899 shares held indirectly through a trust, as of October 28, 2026.