Pattern file
Alex Karp
Co-founder and CEO, Palantir
Form 4 (scheduled sales), 10-Q/10-K, shareholder letters
Lifetime record
No receipts yet. The record opens the day their words and a document first meet.
No receipts on Alex Karp yet. The file opens the day their words and filings first meet. Their disclosures are on the desk.
The playbook
He sells his own stock on a schedule and talks about the company like a cause. Both halves are on the record: the Form 4s arrive every few months, most recently in August 2026, and the earnings calls and letters are transcribed. The pair to look for is a statement about conviction, the company''s or his own, set next to the filing that shows what he sold that month and under which plan.
The rule on plans applies here more than anywhere. A sale under a pre-arranged plan is not a change of heart, and the footnote saying so is part of the record. What is fair to record is the distance between the register of the words and the steadiness of the selling, dated.
The second seam is the government work. Palantir''s contracts are public records at usaspending.gov, so a claim about what the company does for the state can be checked against what the state paid for.
What we're watching
- Ongoing Each Form 4 as it lands: shares, price, and the plan adoption date in the footnotes, read against that quarter's letter and call.
- Ongoing Statements about contracts or missions, checked against the award records at usaspending.gov.
- Before first receipt Baseline first: a normal quarter of scheduled sales, so a departure from the schedule means something.
