Jeffrey Buckley, who serves as Chief Accounting Officer at Palantir Technologies Inc (NYSE:PLTR), sold a total of 4,646 shares of the company's Class A common stock in transactions recorded on February 20 and February 24, 2026, according to a recent SEC Form 4 filing.
The February 20 activity comprised multiple lots executed across several price bands. On that date Buckley sold 268 shares at prices between $131.34 and $132.33, generating $35,485. He additionally sold 834 shares at prices from $132.34 to $133.3361 for total proceeds of $110,803. Further dispositions the same day included 703 shares sold from $133.34 to $134.3303, producing $94,030; 743 shares sold between $134.34 and $135.33, totaling $100,176; and 156 shares sold in the $135.34 to $136.14 range, yielding $21,138.
On February 24, Buckley sold a single block of 1,232 shares at $129.08 per share, bringing proceeds from that lot to $159,026. Across both dates the transactions sum to 4,646 shares and roughly $520,658 in proceeds.
The filing states these sales were executed automatically to cover tax withholding obligations associated with the vesting of restricted stock units and were made pursuant to a Rule 10b5-1 trading plan. Following the transactions, Buckley directly owns 43,108 shares of Palantir Technologies Inc.
Market context included in the filing notes that Palantir's shares were trading at $128.82 at the time of reporting, a level that represents a year-to-date decline of nearly 28% and sits about 38% below the company's 52-week high of $207.52. An InvestingPro analysis referenced in the filing characterizes the stock as appearing overvalued at current levels and lists Palantir among the more overvalued names in the market. That platform also maintains a Pro Research Report on Palantir as part of its coverage of more than 1,400 U.S. equities and provides additional analytical content.
Separate corporate updates noted in connection with Palantir include a strategic partnership with Rackspace Technology to accelerate enterprise AI deployments, with the stated objective of enabling organizations to move Palantir's AI use cases into production within weeks. The company has also been recognized across 15 categories in the Dresner Advisory Services 2025 Technology Innovation Awards, including mentions in Data Engineering and AI/Data Science.
On the analyst front, Palantir's stock received an upgrade from Mizuho to "Outperform." Freedom Capital Markets also moved the stock to "Buy," citing the company’s fourth-quarter 2025 results, which exceeded both management guidance and analyst estimates. Those results were attributed largely to growth in Palantir’s Artificial Intelligence Platform within the U.S. market.
The SEC filing and accompanying disclosures frame the insider sales as mechanized and tax-driven rather than opportunistic, while the company continues to highlight business developments and receive analyst attention amid a share price that remains substantially below its prior peak.
Key contextual details:
- Insider: Jeffrey Buckley, Chief Accounting Officer.
- Shares sold: 4,646 total on Feb. 20 and Feb. 24, 2026.
- Post-sale direct ownership: 43,108 shares.
- Sales executed under a Rule 10b5-1 plan to cover tax withholding tied to RSU vesting.
- Palantir share price context: $128.82 at reporting, down nearly 28% YTD and 38% below 52-week high of $207.52.