Palantir Amends Rubicon Stake: SC 13G/A Filed Jan 12
Ticker: PLTR · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 1321655
Complexity: simple
Sentiment: neutral
Topics: beneficial-ownership, amendment, institutional-investor
TL;DR
**Palantir just updated its Rubicon stake, keep an eye on Rubicon's stock.**
AI Summary
Palantir Technologies Inc. filed an amended SC 13G/A on January 12, 2024, indicating a change in its beneficial ownership of Rubicon Technologies, Inc. Class A common stock. This amendment, dated January 2, 2024, updates previous disclosures regarding Palantir's stake in Rubicon. This matters to investors because changes in significant ownership by a major tech company like Palantir can signal shifts in their investment strategy or confidence in Rubicon's future, potentially influencing market perception and stock price.
Why It Matters
This filing shows Palantir Technologies Inc. is updating its reported ownership in Rubicon Technologies, Inc., which could signal a change in its investment thesis or a re-evaluation of Rubicon's prospects.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership filing, not indicating any immediate major risk or opportunity.
Analyst Insight
Investors should monitor subsequent filings from Palantir regarding Rubicon to understand the nature of any changes in ownership, as this amendment itself doesn't specify the change in share count or percentage.
Key Players & Entities
- Palantir Technologies Inc. (company) — the reporting person and beneficial owner
- Rubicon Technologies, Inc. (company) — the subject company whose securities are being reported
- Class A common stock (other) — the type of securities beneficially owned
- January 2, 2024 (date) — the date of the event requiring the filing
- January 12, 2024 (date) — the filing date of the amendment
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No. 2) to a previous Schedule 13G filing by Palantir Technologies Inc. regarding its beneficial ownership of Rubicon Technologies, Inc. Class A common stock, as indicated by the 'Amendment No. 2' in the document title.
Which company is the 'subject company' in this filing?
The subject company, whose securities are being reported, is Rubicon Technologies, Inc., as explicitly stated under 'Name of Issuer' in the filing.
What type of securities does Palantir Technologies Inc. beneficially own in Rubicon Technologies, Inc.?
Palantir Technologies Inc. beneficially owns 'Class A common stock, par value $0.0001 per share' of Rubicon Technologies, Inc., as detailed in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was January 2, 2024, according to the filing.
Under which SEC rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(c), as indicated by the checked box '☒ Rule 13d-1(c)' in the document.
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 10 · Accepted 2024-01-12 16:35:46
Key Financial Figures
- $0.0001 — ssuer) Class A common stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- a202401xxschedule13gaamend.htm (SC 13G/A) — 37KB
- 0001321655-24-000005.txt ( ) — 39KB
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a Not applicable.
Ownership
Item 4. Ownership. (a) Amount beneficially owned 5,509,238 shares The Reporting Person held 5,509,238 shares of Class A common stock as of January 2, 2024, including 2,246,182 shares of Class A common stock received on January 2, 2024 as payment for certain outstanding receivables. (b) Percent of class 13.2% Based on 41,889,766 shares of Class A common stock outstanding as of January 2, 2024, as provided by the Issuer. (c) Number of shares as to which the person has (i) Sole power to vote or to direct the vote 5,509,238 shares (see Item 4(a)) (ii) Shared power to vote or to direct the vote 0 shares (iii) Sole power to dispose or to direct the disposition of 5,509,238 shares (see Item 4(a)) (iv) Shared power to dispose or to direct the disposition of 0 shares
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Page 3 of 5 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not applicable.
Certifications
Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct. Dated January 12, 2024 PALANTIR TECHNOLOGIES INC. By s David Glazer Name David Glazer Its Chief Financial Officer Page 5 of 5