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Palantir Director Cohen Sells $43.7M as Rackspace AI Deal Launches
Stephen Andrew Cohen, a director at Palantir Technologies Inc., sold $43.7 million worth of Class A Common Stock on February 20, 2026, marking a small percentage of the company’s total shares. This news comes as Palantir faces downward stock pressure and simultaneously announced a strategic partnership with Rackspace Technology to enhance AI platform deployment, aiming to accelerate AI project implementation from years to weeks. Cohen also converted Class B to Class A shares and had previous sales in November 2025.