Peter Thiel - 14 Nov 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Reporting relationship: Director
Issuer ticker: PLTR
Reported as of: 14 Nov 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Nov 2023, 18:18:58 UTC
Prior SEC filing: 17 May 2022
Next SEC filing: 12 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Justin V. Laubach, under power of attorney

Key filing fact

Peter Thiel filed Form 4 for Palantir Technologies Inc. (PLTR) on 16 Nov 2023.

Key facts

This page summarizes Peter Thiel's Form 4 filing for Palantir Technologies Inc. (PLTR).
2 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 16 Nov 2023, 18:18.

Change

Previous filing in this sequence was filed on 17 May 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PLTR transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +3,330,804
Change %
Price: $0.000000^*
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F1, F2, F3, F4

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,823,993
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F3, F5

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 77,851,188
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F6, F7

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 53,487
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F6, F8

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,733,625
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F3, F6, F9

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: Direct
Footnotes: F3, F6

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F3, F6, F10

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F3, F6, F11

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Footnotes: F3, F6, F12

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PLTR transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -3,330,804
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 3,330,804
Exercise price
Footnotes: F1, F2, F4

PLTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,962,961
Date: 14 Nov 2023
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 2,962,961
Exercise price
Footnotes: F2, F6, F8

PLTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,165,483
Date: 14 Nov 2023
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 26,165,483
Exercise price
Footnotes: F2, F3, F6, F9

PLTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 0
Exercise price
Footnotes: F2, F3, F6

PLTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 14 Nov 2023
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 0
Exercise price
Footnotes: F2, F3, F6, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 12 footnotes

Footnote F1

This transaction represents the conversion of Class B Common Stock into Class A Common Stock effected in compliance with a preexisting Rule 10b5-1 plan adopted by the holder on August 15, 2023.

Footnote 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.

Footnote F3

Share numbers have been adjusted to reflect changes in form of beneficial ownership for no consideration in transfers exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

Footnote F4

These shares are held of record by Mithril PAL-SPV 1, LLC ("Mithril"). The Reporting Person is the Chairman of the Investment Committee of Mithril GP LP, the General Partner of Mithril LP, which, in turn, owns Mithril. The Reporting Person may be deemed to have beneficial ownership over the securities held by Mithril. The Reporting Person disclaims beneficial ownership of the shares held by Mithril except to the extent of his pecuniary interest therein. The Reporting Person has no pecuniary interest in any securities of the Issuer held by Mithril GP LP.

Footnote F5

These shares are held of record by PLTR Holdings LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by PLTR Holdings LLC.

Footnote F6

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.

Footnote F7

These shares are held of record by Rivendell 7 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 7 LLC.

Footnote F8

These shares are held of record by Rivendell 25 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 25 LLC.

Footnote F9

These shares are held of record by STS Holdings II LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by STS Holdings II LLC.

Footnote F10

These shares are held of record by FF4 Investment LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by FF4 Investment LLC.

Footnote F11

These shares are held of record by PT Ventures, LLC ("PTV"), of which the Reporting Person is the Managing Member. The Reporting Person has beneficial ownership over the securities held by PTV.

Footnote F12

These shares are held of record by Thiel Capital LLC, of which the Reporting Person is the Manager. The Reporting Person has beneficial ownership over the securities held by Thiel Capital LLC.