David A. Glazer, who serves as Chief Financial Officer and Treasurer of Palantir Technologies Inc (NYSE:PLTR), reported the sale of 17,488 shares of Class A common stock on February 20, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The transactions were completed in multiple tranches at prices ranging from $132.0346 to $135.7252 per share, producing aggregate proceeds of $2,331,782. The filing states these dispositions were automatic sales executed to cover required tax withholding related to the vesting of restricted stock units. The report also notes all sales were made in accordance with Glazer's Rule 10b5-1 trading plan.
Following the reported transactions, Glazer is listed as directly owning 392,370 shares of Palantir common stock. The company’s shares have shown notable movement this year: they have fallen 27.5% year-to-date even as they have risen 46.7% over the past 12 months, underlining recent volatility in the stock.
The Form 4 disclosure appears alongside other public corporate developments. An InvestingPro analysis cited in the filing characterizes the shares as appearing overvalued at current levels and points readers to a detailed Pro Research Report available for Palantir and more than 1,400 other U.S. equities.
On the commercial front, Rackspace Technology has announced a strategic alliance with Palantir intended to accelerate enterprise deployments of Palantir’s AI platforms. Under the arrangement, the partners say Rackspace will supply implementation expertise, cloud hosting and data migration support to help organizations move AI use cases into production environments in a matter of weeks, a faster timetable than typical enterprise rollouts.
Market analysts have also taken fresh positions on the stock. Mizuho upgraded Palantir’s rating to Outperform from Neutral, citing the company’s distinctive combination of revenue growth and margin expansion. Freedom Capital Markets moved its recommendation from Sell to Buy, pointing to the traction of Palantir’s Artificial Intelligence Platform, or AIP, in supporting growth across U.S. commercial and government segments.
Separately, Palantir received recognition in the Dresner Advisory Services 2025 Technology Innovation Awards, appearing in 15 categories that highlighted strengths in areas such as Data Engineering and AI/Data Science. The company’s award mentions and recent commercial activity together illustrate a mix of market and product developments accompanying the insider transaction disclosure.
Summary of the filing and surrounding developments:
- Insider sale: 17,488 Class A shares sold on February 20, 2026 for $2,331,782.
- Sale mechanics: Multiple transactions between $132.0346 and $135.7252 per share, noted as automatic sales to cover tax withholding related to RSU vesting and conducted under a Rule 10b5-1 plan.
- Post-transaction holdings: Glazer directly owns 392,370 shares.
- Corporate context: Analyst upgrades from Mizuho and Freedom Capital Markets, a partnership with Rackspace to speed AI deployments, and recognition in the Dresner Advisory Services 2025 Technology Innovation Awards.