Deal overview
Alexander C. Karp, chief executive of Palantir Technologies Inc. (NASDAQ: PLTR), executed a series of Class A common stock sales on February 20, 2026, totaling $65.9 million. The trades were carried out across multiple blocks with transaction prices spanning from $132.0131 to $135.7252 per share.
Detailed selling schedule
The disposal included the following tranches:
- 39,893 shares at a weighted average price of $132.0346
- 124,338 shares at a weighted average price of $132.862
- 104,796 shares at a weighted average price of $133.7565
- 110,800 shares at a weighted average price of $134.8296
- 23,198 shares at a weighted average price of $135.7252
In addition, Karp sold these further lots:
- 6,180 shares at a weighted average price of $132.0131
- 20,259 shares at a weighted average price of $132.8166
- 19,309 shares at a weighted average price of $133.7332
- 35,656 shares at a weighted average price of $134.8733
- 8,596 shares at a weighted average price of $135.6733
Concurrent share conversions and vesting
On the same day as the sales, Karp converted a total of 493,025 Class B common shares to Class A common shares, consisting of a 403,025-share conversion and a separate 90,000-share conversion. The CEO also recorded incremental vesting of previously granted restricted stock units that added 877,500 shares and 97,500 shares of Class B common stock to his holdings prior to those conversions.
Market context and valuation view
Palantir shares are trading at $128.82, representing a year-to-date decline of 27.5%. An InvestingPro analysis cited in company commentary places the stock on a Most Overvalued list relative to its Fair Value, while also noting the company’s strong financial health rating.
Recent corporate developments
Palantir announced a strategic partnership with Rackspace Technology aimed at accelerating enterprise deployment of Palantir’s AI platforms. The collaboration is intended to shorten the timeline for bringing AI use cases into production to weeks, with Rackspace providing implementation expertise, cloud hosting and data migration services to support those efforts.
Separately, Palantir received recognition across 15 categories at the Dresner Advisory Services 2025 Technology Innovation Awards, including categories highlighting Data Engineering and AI/Data Science capabilities.
Analyst coverage and financial results cited
Analysts have updated their stances on the company following recent results. Mizuho upgraded Palantir’s rating to Outperform, citing distinctive revenue growth and margin expansion. Freedom Capital Markets upgraded the stock to Buy after Palantir reported Q4 2025 results that exceeded both management guidance and analyst estimates. These analyst notes point to accelerating growth across Palantir’s U.S. commercial and government segments, which the firms attribute in part to the company’s Artificial Intelligence Platform.
Takeaway
The transactions announced on February 20, 2026, combine a significant insider sale and substantial internal share conversions and vesting events, occurring as the stock trades below the price range of the sales and amid mixed signals on valuation and momentum from market analysts and third-party reviews.