Alexander C. Karp - 21 Jul 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
Issuer symbol
PLTR
Transactions as of
21 Jul 2021
Net transactions value
-$42,390,086
Form type
4
Filing time
23 Jul 2021, 19:13:53 UTC
Previous filing
08 Jul 2021
Next filing
28 Jul 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 +638,629 +9.9% 7,070,887 21 Jul 2021 Direct F1, F2
transaction PLTR Class A Common Stock Sale $14,354,017 -638,629 -9% $22.48 6,432,258 21 Jul 2021 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +638,629 +9.9% 7,070,887 22 Jul 2021 Direct F2, F4
transaction PLTR Class A Common Stock Sale $14,099,076 -638,629 -9% $22.08 6,432,258 22 Jul 2021 Direct F4, F5
transaction PLTR Class A Common Stock Conversion of derivative security +638,629 +9.9% 7,070,887 23 Jul 2021 Direct F2, F6
transaction PLTR Class A Common Stock Sale $13,936,992 -638,629 -9% $21.82 6,432,258 23 Jul 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 -638,629 -2.4% $0.000000 25,847,313 21 Jul 2021 Class B Common Stock 638,629 $0.1030 Direct F1, F2, F8
transaction PLTR Class B Common Stock Options Exercise $0 +638,629 +2.2% $0.000000 29,369,455 21 Jul 2021 Class A Common Stock 638,629 $0.1030 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -638,629 -2.2% $0.000000 28,730,826 21 Jul 2021 Class A Common Stock 638,629 Direct F1, F2
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -638,629 -2.5% $0.000000 25,208,684 22 Jul 2021 Class B Common Stock 638,629 $0.1030 Direct F2, F4, F8
transaction PLTR Class B Common Stock Options Exercise $0 +638,629 +2.2% $0.000000 29,369,455 22 Jul 2021 Class A Common Stock 638,629 $0.1030 Direct F2, F4
transaction PLTR Class B Common Stock Conversion of derivative security $0 -638,629 -2.2% $0.000000 28,730,826 22 Jul 2021 Class A Common Stock 638,629 Direct F2, F4
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -638,629 -2.5% $0.000000 24,570,055 23 Jul 2021 Class B Common Stock 638,629 $0.1030 Direct F2, F6, F8
transaction PLTR Class B Common Stock Options Exercise $0 +638,629 +2.2% $0.000000 29,369,455 23 Jul 2021 Class A Common Stock 638,629 $0.1030 Direct F2, F6
transaction PLTR Class B Common Stock Conversion of derivative security $0 -638,629 -2.2% $0.000000 28,730,826 23 Jul 2021 Class A Common Stock 638,629 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