| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PLTR | Class A Common Stock | Conversion of derivative security | +172K | +10.12% | 1.87M | May 22, 2023 | Direct | F1, F2 | ||
| transaction | PLTR | Class A Common Stock | Sale | -$3.17M | -270K | -14.39% | $11.76 | 1.6M | May 22, 2023 | Direct | F1, F3 |
| transaction | PLTR | Class A Common Stock | Sale | -$412K | -32.5K | -2.03% | $12.66 | 1.57M | May 23, 2023 | Direct | F4, F5 |
| transaction | PLTR | Class A Common Stock | Sale | -$229K | -17.5K | -1.11% | $13.11 | 1.55M | May 23, 2023 | Direct | F4, F6 |
| holding | PLTR | Class A Common Stock | 750K | May 20, 2023 | See Footnote | F7 |
| 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 | -375K | -7.69% | $0.00 | 4.5M | May 20, 2023 | Class B Common Stock | 375K | Direct | F1, F2, F8, F9 | |
| transaction | PLTR | Class B Common Stock | Options Exercise | $0 | +375K | +34.67% | $0.00 | 1.46M | May 20, 2023 | Class A Common Stock | 375K | Direct | F1, F2 | |
| transaction | PLTR | Class B Common Stock | Conversion of derivative security | $0 | -172K | -11.82% | $0.00 | 1.28M | May 22, 2023 | Class A Common Stock | 172K | Direct | F1, F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction is part of a related series of transactions. The Reporting Person acquired rights to 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on May 20, 2023, converted 172,236 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock along with 97,274 additional 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 | The Reporting Person sold shares of Class A Common Stock in the open market pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into (or most recently amended or modified, as applicable) on June 7, 2022, prior to the effectiveness of the revised requirements of Rule 10b5-1(c). |
| F5 | This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $11.96 to $12.945. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (6) for sales executed in other prices on the date indicated. 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. |
| F6 | This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $12.965 to $13.385. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (5) for sales executed in other prices on the date indicated. 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. |
| F7 | 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. |
| F8 | 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. |
| F9 | The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date. |
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