Peter Thiel's ICE tracking system raises privacy concerns for the public

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4. Peter Thiel Just Pledged $1.2B in Palantir Stock--Here's What He's Not Saying

Khac Phu Nguyen
Thu, May 1, 2025

Peter Thiel is taking chips off the table just not in the way you'd expect. The Palantir (NASDAQ PLTR) co-founder has pledged over $1.2 billion worth of shares, or roughly 10% of his stake, as collateral for personal debt. It's the first time this appears in Palantir's proxy filings and it comes after a blockbuster 2024, when Thiel sold about one-third of his PLTR holdings for $1.5 billion pre-tax. He's not alone. A wave of insider selling has followed Palantir's near-60% rally since Trump's inauguration, with even President Stephen Cohen offloading over $337 million worth of shares in Q1.

Snip

Palantir may be outperforming the S&P 500 (SPY), but the sell signals are starting to pile up. When founders and insiders race for the exits after a rally, it's rarely by accident. The company still has momentum, sure. But if you're buying here, just know: the people who built it are already cashing in. Emphasis mine.

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