PETER THIEL - 11 May 2021 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Director, 10%+ Owner
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
11 May 2021
Net transactions value
-$21.03
Form type
4
Filing time
13 May 2021, 20:39:58 UTC
Previous filing
07 May 2021
Next filing
18 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLTR Class A Common Stock Conversion of derivative security +391,269 0 11 May 2021 See Footnote F1, F2, F3, F4
transaction PLTR Class A Common Stock Conversion of derivative security +125,599 0 11 May 2021 See Footnote F1, F2, F3, F5
holding PLTR Class A Common Stock 5,413,781 11 May 2021 Direct F3
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F6
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F7
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F8
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F9
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F10
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F11
holding PLTR Class A Common Stock 0 11 May 2021 See Footnote F3, F12
holding PLTR Class A Common Stock 3,262 11 May 2021 See Footnote F13, F14
holding PLTR Class A Common Stock 1,108,442 11 May 2021 See Footnote F3, F15
holding PLTR Class A Common Stock 17,502,211 11 May 2021 See Footnote F3, F16
holding PLTR Class A Common Stock 77,851,188 11 May 2021 See Footnote F13, F17
holding PLTR Class A Common Stock 53,487 11 May 2021 See Footnote F13, F18
holding PLTR Class A Common Stock 268,840 11 May 2021 See Footnote F13, F19
holding PLTR Class A Common Stock 1,954,631 11 May 2021 See Footnote F13, F20
holding PLTR Class A Common Stock 5,028,763 11 May 2021 See Footnote F3, F21
holding PLTR Class A Common Stock 6,959,168 11 May 2021 See Footnote F3, F22
holding PLTR Class A Common Stock 14,530,420 11 May 2021 See Footnote F13, F23

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLTR Class B Common Stock Warrant (Right to buy) Exercise of in-the-money or at-the-money derivative security $0 -536,445 -100% $0.000000* 0 11 May 2021 Class B Common Stock (2) 536,445 $6.13 See Footnote F24, F25, F26
transaction PLTR Class B Common Stock Warrant (Right to buy) Exercise of in-the-money or at-the-money derivative security $0 -172,201 -100% $0.000000* 0 11 May 2021 Class B Common Stock (2) 172,201 $6.13 See Footnote F24, F25, F27
transaction PLTR Class B Common Stock (2) Exercise of in-the-money or at-the-money derivative security $3,288,408 +536,445 $6.13 536,445 11 May 2021 Class A Common Stock 536,445 See Footnote F2, F4, F24
transaction PLTR Class B Common Stock (2) Tax liability $3,288,425 -145,176 -27% $22.65 391,269 11 May 2021 Class A Common Stock 145,176 See Footnote F2, F4, F24
transaction PLTR Class B Common Stock (2) Exercise of in-the-money or at-the-money derivative security $1,055,592 +172,201 $6.13 172,201 11 May 2021 Class A Common Stock 172,201 See Footnote F2, F5, F24
transaction PLTR Class B Common Stock (2) Tax liability $1,055,596 -46,602 -27% $22.65 125,599 11 May 2021 Class A Common Stock 46,602 See Footnote F2, F5, F24
transaction PLTR Class B Common Stock (2) Conversion of derivative security $0 -391,269 -100% $0.000000* 0 11 May 2021 Class A Common Stock 391,269 See Footnote F1, F2, F4
transaction PLTR Class B Common Stock (2) Conversion of derivative security $0 -125,599 -100% $0.000000* 0 11 May 2021 Class A Common Stock 125,599 See Footnote F1, F2, F5
holding PLTR Class B Common Stock Warrant (Right to buy) 4,502,447 11 May 2021 Class B Common Stock (2) 4,502,447 $6.13 See Footnote F28, F29, F30
holding PLTR Class B Common Stock (2) 13,031,306 11 May 2021 Class A Common Stock 13,031,306 Direct F2, F13
holding PLTR Class B Common Stock (2) 2,962,961 11 May 2021 Class A Common Stock 2,962,961 See Footnote F2, F13, F18
holding PLTR Class B Common Stock (2) 2,750,050 11 May 2021 Class A Common Stock 2,750,050 See Footnote F2, F13, F19
holding PLTR Class B Common Stock (2) 7,818,526 11 May 2021 Class A Common Stock 7,818,526 See Footnote F2, F13, F20
holding PLTR Class B Common Stock (2) 2,565,601 11 May 2021 Class A Common Stock 2,565,601 See Footnote F2, F13, F21
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the conversion of Class B Common Stock into Class A Common Stock effected in compliance with a preexisting Rule 10b5-1 plan adopted by the holder.
F2 The Class B Common Stock is convertible into the Issuer's Class A Common Stock on a 1-for-1 basis and has no expiration date.
F3 Share numbers have been adjusted to reflect changes in form of beneficial ownership for no consideration in transfers exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F4 These shares are held of record by The Founders Fund IV, LP ("FF-IV"). The Reporting Person is one of the managing members of The Founders Fund IV Management, LLC ("FFIVM"), which is the general partner of FF-IV. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IV. The Reporting Person disclaims beneficial ownership over the shares held by FF-IV except to the extent of his pecuniary interest therein.
F5 These shares are held of record by The Founders Fund IV Principals Fund, LP ("FF-IVP"). The Reporting Person is one of the managing members of FFIVM, which is the general partner of FF-IVP. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IVP. The Reporting Person disclaims beneficial ownership over the shares held by FF-IVP except to the extent of his pecuniary interest therein.
F6 These shares are held of record by The Founders Fund, LP ("FF-I"). The Reporting Person is one of the managing members of The Founders Fund Management, LLC, which is the general partner of FF-I. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-I. The Reporting Person disclaims beneficial ownership over the shares held by FF-I except to the extent of his pecuniary interest therein.
F7 These shares are held of record by The Founders Fund II, LP ("FF-II"). The Reporting Person is one of the managing members of The Founders Fund II Management, LLC ("FFIIM"), which is the general partner of FF-II. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-II. The Reporting Person disclaims beneficial ownership over the shares held by FF-II except to the extent of his pecuniary interest therein.
F8 These shares are held of record by The Founders Fund II Entrepreneurs Fund, LP ("FF-IIE"). The Reporting Person is one of the managing members of FFIIM, which is the general partner of FF-IIE. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IIE. The Reporting Person disclaims beneficial ownership over the shares held by FF-IIE except to the extent of his pecuniary interest therein.
F9 These shares are held of record by The Founders Fund II Principals Fund, LP ("FF-IIP"). The Reporting Person is one of the managing members of FFIIM, which is the general partner of FF-IIP. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IIP. The Reporting Person disclaims beneficial ownership over the shares held by FF-IIP except to the extent of his pecuniary interest therein.
F10 These shares are held of record by The Founders Fund III, LP ("FF-III"). The Reporting Person is one of the managing members of The Founders Fund III Management, LLC ("FFIIIM"), which is the general partner of FF-III. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-III. The Reporting Person disclaims beneficial ownership over the shares held by FF-III except to the extent of his pecuniary interest therein.
F11 These shares are held of record by The Founders Fund III Entrepreneurs Fund, LP ("FF-IIIE"). The Reporting Person is one of the managing members of FFIIIM, which is the general partner of FF-IIIE. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IIIE. The Reporting Person disclaims beneficial ownership over the shares held by FF-IIIE except to the extent of his pecuniary interest therein.
F12 These shares are held of record by The Founders Fund III Principals Fund, LP ("FF-IIIP"). The Reporting Person is one of the managing members of FFIIIM, which is the general partner of FF-IIIP. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IIIP. The Reporting Person disclaims beneficial ownership over the shares held by FF-IIIP except to the extent of his pecuniary interest therein.
F13 These shares were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules.
F14 These shares are held of record by FF Pathfinder VI, LLC ("FF Pathfinder"). The Reporting Person is one of the managing members of The Founders Fund VI Management, LLC, which is the managing member of FF Pathfinder. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF Pathfinder. The Reporting Person disclaims beneficial ownership over the shares held by FF Pathfinder except to the extent of his pecuniary interest therein.
F15 These shares are held of record by FF4 Investment LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by FF4 Investment LLC.
F16 These shares are held of record by PLTR Holdings LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by PLTR Holdings LLC.
F17 These shares are held of record by Rivendell 7 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 7 LLC.
F18 These shares are held of record by Rivendell 25 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 25 LLC.
F19 These shares are held of record by STS Holdings II LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by STS Holdings II LLC.
F20 These shares are held of record by Clarium L.P. ("Clarium"). The Reporting Person is the President of Clarium Capital Management, LLC, which is the general partner of Clarium. The Reporting Person may be deemed to have beneficial ownership over the securities held by Clarium.
F21 These shares are held of record by PT Ventures, LLC ("PTV"), of which the Reporting Person is the Managing Member. The Reporting Person has beneficial ownership over the securities held by PTV.
F22 These shares are held of record by Thiel Capital LLC, of which the Reporting Person is the Manager. The Reporting Person has beneficial ownership over the securities held by Thiel Capital LLC.
F23 These shares are held of record by Mithril PAL-SPV 1, LLC ("Mithril"). The Reporting Person is the Chairman of the Investment Committee of Mithril GP LP, the General Partner of Mithril LP, which, in turn, owns Mithril. The Reporting Person may be deemed to have beneficial ownership over the securities held by Mithril. The Reporting Person disclaims beneficial ownership of the shares held by Mithril except to the extent of his pecuniary interest therein.
F24 This transaction represents the cashless net exercise of a warrant in exchange for Class B Common Stock effected in compliance with a preexisting Rule 10b5-1 plan adopted by the holder.
F25 All of the shares underlying the warrant were fully vested and exercisable as of the date of the reported transaction.
F26 This warrant is held by FF-IV. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IV. The Reporting Person disclaims beneficial ownership over the securities held by FF-IV except to the extent of his pecuniary interest therein.
F27 This warrant is held by FF-IVP. The Reporting Person may be deemed to have beneficial ownership over the securities held by FF-IVP. The Reporting Person disclaims beneficial ownership over the securities held by FF-IVP except to the extent of his pecuniary interest therein.
F28 All of the shares underlying the warrant are fully vested and exercisable as of the date hereof.
F29 This warrant was not subject to a particular transaction during the dates covered by this Form 4 and is listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules.
F30 This warrant is held by Mithril. The Reporting Person may be deemed to have beneficial ownership over the securities held by Mithril. The Reporting Person disclaims beneficial ownership of the securities held by Mithril except to the extent of his pecuniary interest therein.