# Palantir CTO Shyam Sankar Files Form 144 to Sell 300,000 Shares Worth $50.76 Million

> Palantir CTO Shyam Sankar filed to sell 300,000 shares valued at $50.76 million under a Rule 10b5-1 plan adopted in August.

- Published: 2026-11-12T15:07:26+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-12/palantir-cto-sankar-stock-sale-filing
- Source: [247wallst](https://247wallst.com/investing/2026/11/12/palantirs-tech-chief-wants-to-sell-50-million-in-stock-after-the-ai-crash/)

## Key takeaways

- Shyam Sankar's Form 144 lists 300,000 shares worth $50.8 million, about 0.013% of Palantir's 2,306,705,341 shares outstanding.
- Sankar adopted his Rule 10b5-1 selling plan on August 10, 2026, roughly three months before the November selloff.
- Palantir reported revenue of $2.313 billion, up 96%, on November 2, and its shares fell 9.73% on November 5.

Shyam Sankar, [Palantir Technologies](https://akta.pro/company-profiles/00006ma/palantir-technologies)' chief technology officer, filed a Form 144 notice to sell 300,000 shares with a listed market value of $50.8 million, according to [247wallst](https://247wallst.com/investing/2026/11/12/palantirs-tech-chief-wants-to-sell-50-million-in-stock-after-the-ai-crash/). The SEC accepted the notice at 4:26 p.m. ET on November 10, 2026, naming Morgan Stanley Smith Barney as broker and November 10 as the approximate sale date.

## What Sankar's Form 144 Covers

The filing states an intent to sell rather than a completed sale. A later Form 4 will confirm whether any shares were sold and at what prices. The shares came from restricted stock units that vested between May 20, 2025, and August 20, 2025, and the notice reports no Palantir sales by Sankar in the prior three months.

Sankar is relying on a Rule 10b5-1 plan, a selling schedule set in advance, which he adopted on August 10, 2026, about three months before the selloff, according to akta.pro [company records](https://akta.pro/company-data). The listed value prices the share count at the $169.20 close on November 9. At the November 11 close, the block was worth about $51.7 million.

The 300,000 shares equal about 0.013% of the 2,306,705,341 shares outstanding listed on the form. His Form 4 filings show earlier scheduled sales: about $27.5 million on November 20, 2025, $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, adding up to about $102 million.

## Palantir's Quarter and the November Selloff

Palantir reported revenue of $2.313 billion on November 2, 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.

Palantir shares fell 9.73% on November 5, the day the S&P 500 dropped 4.36% in the AI and chip selloff, ending eight straight down sessions that began October 27. The stock closed at $172.40 on November 11, 17.53% below the October 9 closing high of $209.05.

## Palantir's Earlier Leadership and Contract News

On November 9, 2026, former Montana senator Jon Tester joined Palantir as a non-lobbying advisor, Crypto Briefing reported, with Democrats planning to investigate the company's surveillance practices. The same day, 247wallst reported that Palantir and Lockheed Martin both beat third-quarter estimates and raised guidance, while their stocks fell after the midterms amid budget concerns.

On November 10, 2026, Yahoo reported that the UK government is reviewing Palantir's £330 million NHS contract and that NHS England plans to put the contract out to tender. Thebureauinvestigates reported that former Met Police chief Cressida Dick has been a paid adviser to Palantir for the past year, as the firm won a £10m five-year contract with East of England police forces.

## When Sankar's Form 4 May Appear

The SEC posted no filings on Veterans Day, so Sankar's Form 4 will likely arrive on November 12 or November 13, according to 247wallst.

## Companies in this story

- [Palantir Technologies company profile](https://akta.pro/company-profiles/00006ma/palantir-technologies) · website: http://www.palantir.com

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