Alexander C. Karp - Jul 21, 2021 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer title: Chief Executive Officer, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Jul 21, 2021
Transactions value $
-$42,390,086
Form type
4
Date filed
7/23/2021, 07:13 PM
Previous filing
Jul 8, 2021
Next filing
Jul 28, 2021

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 +639K +9.93% 7.07M Jul 21, 2021 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$14.4M -639K -9.03% $22.48 6.43M Jul 21, 2021 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +639K +9.93% 7.07M Jul 22, 2021 Direct F2, F4
transaction PLTR Class A Common Stock Sale -$14.1M -639K -9.03% $22.08 6.43M Jul 22, 2021 Direct F4, F5
transaction PLTR Class A Common Stock Conversion of derivative security +639K +9.93% 7.07M Jul 23, 2021 Direct F2, F6
transaction PLTR Class A Common Stock Sale -$13.9M -639K -9.03% $21.82 6.43M Jul 23, 2021 Direct F6, F7

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 Employee Stock Option (Right to buy) Options Exercise $0 -639K -2.41% $0.00 25.8M Jul 21, 2021 Class B Common Stock 639K $0.10 Direct F1, F2, F8
transaction PLTR Class B Common Stock Options Exercise $0 +639K +2.22% $0.00 29.4M Jul 21, 2021 Class A Common Stock 639K $0.10 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -639K -2.17% $0.00 28.7M Jul 21, 2021 Class A Common Stock 639K Direct F1, F2
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -639K -2.47% $0.00 25.2M Jul 22, 2021 Class B Common Stock 639K $0.10 Direct F2, F4, F8
transaction PLTR Class B Common Stock Options Exercise $0 +639K +2.22% $0.00 29.4M Jul 22, 2021 Class A Common Stock 639K $0.10 Direct F2, F4
transaction PLTR Class B Common Stock Conversion of derivative security $0 -639K -2.17% $0.00 28.7M Jul 22, 2021 Class A Common Stock 639K Direct F2, F4
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -639K -2.53% $0.00 24.6M Jul 23, 2021 Class B Common Stock 639K $0.10 Direct F2, F6, F8
transaction PLTR Class B Common Stock Options Exercise $0 +639K +2.22% $0.00 29.4M Jul 23, 2021 Class A Common Stock 639K $0.10 Direct F2, F6
transaction PLTR Class B Common Stock Conversion of derivative security $0 -639K -2.17% $0.00 28.7M Jul 23, 2021 Class A Common Stock 639K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is part of a related series of transactions undertaken on July 21, 2021 pursuant to a preexisting Rule 10b5-1 trading plan. The Reporting Person exercised 638,629 vested Class B Common Stock options that are expiring on December 3, 2021, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
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 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $22.19 to $22.68. The price reported above reflects the weighted average sale price of trades occurring within that price range. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F4 This transaction is part of a related series of transactions undertaken on July 22, 2021 pursuant to a preexisting Rule 10b5-1 trading plan. The Reporting Person exercised 638,629 vested Class B Common Stock options that are expiring on December 3, 2021, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
F5 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.89 to $22.54. The price reported above reflects the weighted average sale price of trades occurring within that price range. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 This transaction is part of a related series of transactions undertaken on July 23, 2021 pursuant to a preexisting Rule 10b5-1 trading plan. The Reporting Person exercised 638,629 vested Class B Common Stock options that are expiring on December 3, 2021, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
F7 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.52 to $22.04. The price reported above reflects the weighted average sale price of trades occurring within that price range. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F8 The options exercised in this transaction were fully vested and exercisable as of the transaction date.

Remarks:

Officer title: Chief Executive Officer