Alexander C. Karp - Aug 20, 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Aug 20, 2023
Transactions value $
-$5,983,156
Form type
4
Date filed
8/22/2023, 09:09 PM
Previous filing
Jun 7, 2023
Next filing
Aug 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 +232K +3.6% 6.66M Aug 21, 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$3.37M -232K -3.47% $14.55 6.43M Aug 21, 2023 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +177K +2.75% 6.61M Aug 22, 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$2.61M -177K -2.67% $14.81 6.43M Aug 22, 2023 Direct F1, F4

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 -878K -3.13% $0.00 27.2M Aug 20, 2023 Class B Common Stock 878K Direct F1, F2, F5, F6
transaction PLTR Class B Common Stock Options Exercise $0 +878K +1.79% $0.00 49.9M Aug 20, 2023 Class A Common Stock 878K Direct F1, F2
transaction PLTR Restricted Stock Units Options Exercise $0 -97.5K -3.13% $0.00 3.02M Aug 20, 2023 Class B Common Stock 97.5K Direct F1, F2, F6, F7
transaction PLTR Class B Common Stock Options Exercise $0 +97.5K +0.2% $0.00 50M Aug 20, 2023 Class A Common Stock 97.5K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -232K -0.46% $0.00 49.8M Aug 21, 2023 Class A Common Stock 232K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -177K -0.35% $0.00 49.6M Aug 22, 2023 Class A Common Stock 177K 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 August 20, 2023, converted 231,564 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 21, 2023 and then converted 176,588 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, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 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 $14.40 to $14.76. 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 $14.63 to $15.12. 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 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.
F6 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F7 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. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 26, 2023, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).