Alexander C. Karp - Feb 21, 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer title: Chief Executive Officer, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Feb 21, 2023
Transactions value $
-$3,619,120
Form type
4
Date filed
2/23/2023, 08:50 PM
Previous filing
Feb 22, 2023
Next filing
May 23, 2023

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 +133K +2.07% 6.57M Feb 21, 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$1.14M -133K -2.03% $8.55 6.43M Feb 21, 2023 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +137K +2.14% 6.57M Feb 22, 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$1.15M -137K -2.09% $8.35 6.43M Feb 22, 2023 Direct F1, F4
transaction PLTR Class A Common Stock Conversion of derivative security +164K +2.56% 6.6M Feb 23, 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$1.34M -164K -2.49% $8.13 6.43M Feb 23, 2023 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 -133K -0.27% $0.00 49.1M Feb 21, 2023 Class A Common Stock 133K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -137K -0.28% $0.00 49M Feb 22, 2023 Class A Common Stock 137K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -164K -0.34% $0.00 48.8M Feb 23, 2023 Class A Common Stock 164K 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 975,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on February 20, 2023, converted 132,957 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 21, 2023, converted 137,364 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 22, 2023 and then converted 164,373 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 23, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2023 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 $8.43 to $9.08. 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 $8.17 to $8.62. 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 $7.92 to $8.46. 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: Chief Executive Officer