Peter Thiel To Sell $1 Billion Of Palantir Stock
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Peter Thiel, chairman and co-founder of Palantir Technologies, plans to sell up to $1 billion worth of stock, amounting to 28.5 million shares, by December 31, 2025. This comes as Palantir's stock rises 16% in the last five days, following its addition to the S&P 500 index. Thiel's sales will be executed under a Rule 10b5-1 plan through his investment vehicle, Rivendell 7 LLC. Previously, he sold 13 million shares in May for $13.5 million. Palantir's current stock price is $76 per share, with Thiel's net worth estimated at $2.20 billion.
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