Shyam Sankar - 22 Jul 2022 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
22 Jul 2022
Net transactions value
-$1,243,475
Form type
4
Filing time
26 Jul 2022, 19:38:37 UTC
Previous filing
13 Jun 2022
Next filing
23 Aug 2022

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 +11,306 +0.56% 2,043,506 22 Jul 2022 Direct F1, F2
transaction PLTR Class A Common Stock Sale $1,243,475 -125,000 -6.1% $9.95 1,918,506 22 Jul 2022 Direct F1, F3
holding PLTR Class A Common Stock 761,111 22 Jul 2022 See Footnote F4
holding PLTR Class A Common Stock 225,048 22 Jul 2022 See Footnote F5

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 Conversion of derivative security $0 -11,306 -2.2% $0.000000 493,313 22 Jul 2022 Class A Common Stock 11,306 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. The Reporting Person converted 11,306 shares of Class B Common Stock to Class A Common Stock. The resulting shares of Class A Common Stock, along with 113,694 additional shares of Class A Common Stock, were sold in the open market pursuant to a 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 $9.735 to $10.55. 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 shares are held of record by Shyam Sankar, Trustee of The Shyam Sankar 2020 Annuity Trust u/a/d 7/14/2020 (the "Annuity Trust"). 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. The Reporting Person disclaims beneficial ownership of the shares held by the Annuity Trust, except to the extent of his pecuniary interest therein.
F5 These shares are held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). 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.The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein.

Remarks:

Officer title: Chief Operating Officer and Executive Vice President