Alexander C. Karp - 20 May 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
Issuer symbol
PLTR
Transactions as of
20 May 2023
Net transactions value
-$4,809,975
Form type
4
Filing time
23 May 2023, 20:35:41 UTC
Previous filing
23 Feb 2023
Next filing
07 Jun 2023
SEC
View on sec.gov

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 +408,862 +6.4% 6,841,120 22 May 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale $4,809,975 -408,862 -6% $11.76 6,432,258 22 May 2023 Direct F1, F3

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 Restricted Stock Units Options Exercise $0 -877,500 -3% $0.000000 28,080,000 20 May 2023 Class B Common Stock 877,500 Direct F1, F2, F4, F5
transaction PLTR Class B Common Stock Options Exercise $0 +877,500 +1.8% $0.000000 49,671,795 20 May 2023 Class A Common Stock 877,500 Direct F1, F2
transaction PLTR Restricted Stock Units Options Exercise $0 -97,500 -3% $0.000000 3,120,000 20 May 2023 Class B Common Stock 97,500 Direct F1, F2, F5, F6
transaction PLTR Class B Common Stock Options Exercise $0 +97,500 +0.2% $0.000000 49,769,295 20 May 2023 Class A Common Stock 97,500 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -408,862 -0.82% $0.000000 49,360,433 22 May 2023 Class A Common Stock 408,862 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 May 20, 2023, converted 408,862 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on May 22, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2023 and were conducted in compliance with the Reporting Person's 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 $11.40 to $12.10. 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 securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F5 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F6 These securities are RSUs granted pursuant to the Issuer's 2020 Executive Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.

Remarks:

Officer title: Chief Executive Officer