https://techcrunch.com/2020/09/03/in-amended-filing-palantir-admits-it-wont-have-independent-board-governance-for-up-to-a-year/

When we leaked Palantir’s S-1 IPO filing a week and a half ago, one of the more bizarre components that came out of that document was the company’s corporate governance. In a unique three-class voting structure, Palantir founders Alex Karp, Stephen Cohen, and Peter Thiel will be given a special “Class F” share that will ensure they hold 49.999999% of the ownership of the company in perpetuity — even if they sell the underlying shares.

Palantir targeting 3 class voting structure according to leaked S-1, giving founders 49.999999% control in perpetuity