en.wikipedia.org/wiki/Stephen_Cohen_(entrepreneur)
1 correction found
On the previous day, multiple sales were executed at prices ranging from $96.43 to $108.28 per share, generating proceeds of $38.4 million.
The SEC filing shows the $108.28 sale was on February 21, not the previous day, and the February 20 sales totaled about $31.6 million, not $38.4 million.
Full reasoning
Palantir's SEC Form 4 for these transactions lists Stephen Cohen's open-market sales separately for February 20, 2025 and February 21, 2025.
For February 20, 2025, the filing shows 12 sale line items with weighted-average prices from $96.4327 up to $107.0858. It does not show a February 20 sale at $108.28.
The $108.2822 weighted-average sale appears in a line item dated February 21, 2025, so including $108.28 in the "previous day" range is incorrect.
The proceeds figure is also wrong. Multiplying the 12 February 20 sale amounts by their reported weighted-average prices yields total gross proceeds of about $31.59 million, not $38.4 million. The larger ~$38.4 million number only appears if you mix in February 21 sales.
So this sentence is inaccurate on both the price range and the proceeds for the previous day.
1 source
- SEC Form 4 for Stephen Andrew Cohen (filed February 24, 2025)
For 02/20/2025, the filing lists sales at weighted-average prices from $96.4327 through $107.0858. The $108.2822 sale is listed on 02/21/2025, not 02/20/2025.