Palantir Amends Rubicon Stake: SC 13G/A Filed Jan 12

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

From the Filing

0001321655-24-000005.txt : 20240112 0001321655-24-000005.hdr.sgml : 20240112 20240112163546 ACCESSION NUMBER: 0001321655-24-000005 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240112 DATE AS OF CHANGE: 20240112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Rubicon Technologies, Inc. CENTRAL INDEX KEY: 0001862068 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 883703651 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92972 FILM NUMBER: 24532480 BUSINESS ADDRESS: STREET 1: 100 W MAIN STREET, SUITE 610 CITY: LEXINGTON STATE: KY ZIP: 40507 BUSINESS PHONE: (844) 479-1507 MAIL ADDRESS: STREET 1: 100 W MAIN STREET, SUITE 610 CITY: LEXINGTON STATE: KY ZIP: 40507 FORMER COMPANY: FORMER CONFORMED NAME: Founder SPAC DATE OF NAME CHANGE: 20210513 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Palantir Technologies Inc. CENTRAL INDEX KEY: 0001321655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 680551851 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1200 17TH STREET STREET 2: FLOOR 15 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 720-358-3679 MAIL ADDRESS: STREET 1: 1200 17TH STREET STREET 2: FLOOR 15 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Palantir Technologies Inc DATE OF NAME CHANGE: 20050324 SC 13G/A 1 a202401xxschedule13gaamend.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549      SCHEDULE 13G Under the Securities Exchange Act of 1934   (Amendment No. 2)*       Rubicon Technologies, Inc. (Name of Issuer) Class A common stock, par value $0.0001 per share (Title of Class of Securities) 78112J208 (CUSIP Number) January 2, 2024 (Date of Event Which Requires Filing of this Statement)      Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☒ Rule 13d-1(c) ☐ Rule 13d-1(d) *    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 13G CUSIP No. 78112J208 (1) NAMES OF REPORTING PERSONS Palantir Technologies Inc. (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ☐    (b)  ☐ (3) SEC USE ONLY (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENFICIALLY OWNED BY EACH REPORTING PERSON WITH (5) SOLE VOTING POWER 5,509,238 (1) (6) SHARED VOTING POWER 0 (7) SOLE DISPOSITIVE POWER 5,509,238 (1) (8) SHARED DISPOSITIVE POWER 0 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,509,238 (1) (10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.2% (2)   (12) TYPE OF REPORTING PERSON (see instructions) CO (1)    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. (2)    Based on 41,889,766 shares of Class A common stock out