Stephen Andrew Cohen - Aug 22, 2022 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Aug 22, 2022
Transactions value $
-$2,895,689
Form type
4
Date filed
8/24/2022, 08:04 PM
Previous filing
Aug 23, 2022
Next filing
Nov 22, 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 +139K +23452.36% 139K Aug 22, 2022 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$1.13M -139K -99.58% $8.14 592 Aug 22, 2022 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +119K +20147.64% 120K Aug 23, 2022 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$966K -119K -99.51% $8.10 592 Aug 23, 2022 Direct F1, F4
transaction PLTR Class A Common Stock Conversion of derivative security +97.2K +16416.55% 97.8K Aug 24, 2022 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$800K -97.2K -99.39% $8.23 592 Aug 24, 2022 Direct F1, 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 -139K -1.16% $0.00 11.8M Aug 22, 2022 Class A Common Stock 139K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -119K -1.01% $0.00 11.7M Aug 23, 2022 Class A Common Stock 119K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -97.2K -0.83% $0.00 11.6M Aug 24, 2022 Class A Common Stock 97.2K 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 acquired rights to 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on August 20, 2022, converted 138,838 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 22, 2022, converted 119,274 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 23, 2022 and then converted 97,186 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 24, 2022. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 20, 2022 and 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 $8.07 to $8.39. 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $8.00 to $8.26. 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.
F5 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $8.00 to $8.35. 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.

Remarks:

Officer title: President and Secretary