Executive Director Palantir Alex Karp earned nearly $ 2 billion from the company’s stock sales last year – mainly in the lead to the presidential election
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Palantar’s Stock Rose – Over 600% in one year, before this week’s diamond– He made his executive director Alex Karp to a rich man. Karp sold nearly $ 2 billion last year, and most of the sales took place in one month around the presidential election.
The defense contractor Palantir was one of the most comfortable stocks of this political cycle. Ago This week’s stock diamondPalantar’s value has increased over 600% from the beginning of last year. The Alex Karp Executive also profited nicely from the rise.
Karp has sold 38 million shares of palalalanti, from the beginning of 2024, a value of $ 1.88 billion, according to Washington Service, an investment data provider. Most of this value – $ 1.4 billion – deducted from the sale of 25 million shares in weeks over the 2024 presidential elections. Another 9 million shares were sold between 13 and 17 September last year for a value of $ 325.6 million.
Karp also plans to sell up to 9,975,000 shares of the company this year, Barron’s reportedquoting securities sawdust. At the current price of a section of just over $ 101, sales would be more than $ 1 billion.
Previous and future sales are part of the 10B5-1 trade plan, used by the company’s managers or members of the Committee for a pre-transaction plans in the company’s shares, which are then implemented without the involvement of Execca.
Palantir did not respond to the commentary request.
Palantir co -founder He had an unusual journey to run the defense artist, studying philosophy after college before launching Palantar in 2004 with a group of Stanford graduates. The company, initially intended for a fraud detection tool, went bankrupt by PayPal co-founder Peter Thiel and later by the Venture-Capital Division of the Central Intelligence Agency, Wall Street Journal reported.
Karp singled out from the conservative attitudes of his co -founder, describing himself as a “socialist” and “progressive but not awakened. “Thiel is the president board In Palants, the role he has held since 2003 (Thiel, which currently has just over 4% of the company’s shares, has sold 48 million shares last year, worth $ 1.5 billion). Karp threw his support behind the former Vice -President Kamala Harris In the 2024 presidential election and complained that Trump’s support to Trump “made things difficult.”
Paulantor’s work with immigration and customs duties during the first Trump administration, which included illegally identifying immigrants in the country, collected return from employees and others who were worried that software was used in ways that violated human rights.
