Shyam Sankar - 20 Aug 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
20 Aug 2023
Net transactions value
$0
Form type
4
Filing time
22 Aug 2023, 21:17:06 UTC
Previous filing
03 Aug 2023
Next filing
23 Aug 2023
SEC
View on sec.gov

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 -375,000 -8.3% $0.000000 4,125,000 20 Aug 2023 Class B Common Stock 375,000 Direct F1, F2, F3, F4
transaction PLTR Class B Common Stock Options Exercise $0 +375,000 +19% $0.000000 2,298,525 20 Aug 2023 Class A Common Stock 375,000 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units ("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.
F2 The Reporting Person acquired 375,000 shares of Class B Common Stock upon incremental vesting of RSUs.
F3 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F4 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.

Remarks:

Officer title: Chief Technology Officer and Executive Vice President. 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).