Palantir Technologies Inc. Chairman Peter Thiel sold 2 million shares of company stock. The transaction is valued at approximately $290 million based on the March 2 closing price. Thiel executed the sale under a Rule 10b5-1 trading plan adopted in November 2025.
The divestment follows a significant rally in Palantir shares driven by high demand for artificial intelligence software. Thiel maintains significant influence over the company through his holdings of high-voting Class F shares.
Palantir continues to expand its partnership with the U.S. government. Recent reports highlight the company's critical role in U.S. defense planning.