Stephen Andrew Cohen - 20 Aug 2021 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer title: President and Secretary, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
20 Aug 2021
Net transactions value
-$8,259,869
Form type
4
Filing time
24 Aug 2021, 21:02:00 UTC
Previous filing
19 Aug 2021
Next filing
09 Sep 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 +345,018 +58280% 345,610 20 Aug 2021 Direct F1, F2
transaction PLTR Class A Common Stock Sale $8,259,869 -345,018 -100% $23.94 592 20 Aug 2021 Direct F1, F3

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 Restricted Stock Units Options Exercise $0 -675,000 -5% $0.000000 12,825,000 20 Aug 2021 Class B Common Stock 675,000 Direct F1, F2, F4, F5
transaction PLTR Class B Common Stock Options Exercise $0 +675,000 +6.3% $0.000000 11,357,981 20 Aug 2021 Class A Common Stock 675,000 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -345,018 -3% $0.000000 11,012,963 20 Aug 2021 Class A Common Stock 345,018 Direct F1, F2
* 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 August 20, 2021. The Reporting Person acquired 675,000 shares of Class B Common Stock upon incremental vesting of restricted stock units ("RSUs"), converted 345,018 of the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in an automatic sale of shares to cover required tax withholding obligations in connection with the vesting of RSUs. All sales were conducted in compliance with the Reporting Person's preexisting Rule 10b5-1 trading plan.
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 $23.67 to $24.43. 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 These securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F5 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

Remarks:

Officer title: President and Secretary