Shyam Sankar - 13 May 2022 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role: Officer title: Chief Operating Officer and Executive Vice President
Signature: /s/ Justin V. Laubach, under power of attorney
Issuer symbol: PLTR
Transactions as of: 13 May 2022
Net transactions value: $0
Form type: 4
Filing time: 17 May 2022, 18:28:53 UTC
Previous filing: 14 Mar 2022
Next filing: 24 May 2022
SEC: View on sec.gov

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	-100,000	-2.5%	$0.000000	3,935,000	13 May 2022	Class B Common Stock	100,000	$4.72	Direct	F1, F2, F3
transaction	PLTR	Class B Common Stock	Options Exercise	$0	+100,000	+49%	$0.000000	304,764	13 May 2022	Class A Common Stock	100,000	$4.72	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The indicated transactions are related and were undertaken in compliance with a preexisting Rule 10b5-1 trading plan. The Reporting Person exercised vested Class B Common Stock options, resulting in a decrease in the number of outstanding options held and an increase in the number of shares of Class B Common Stock held.
F2	The options exercised in this transaction were fully vested and exercisable as of the transaction date.
F3	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.

Remarks:

Officer title: Chief Operating Officer and Executive Vice President