Stephen Andrew Cohen - 20 Nov 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
20 Nov 2023
Net transactions value
-$7,112,081
Form type
4
Filing time
22 Nov 2023, 20:32:03 UTC
Previous filing
22 Aug 2023
Next filing
05 Dec 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 +201,160 +33980% 201,752 20 Nov 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale $4,275,630 -201,016 -100% $21.27 736 20 Nov 2023 Direct F1, F3
transaction PLTR Class A Common Stock Sale $3,109 -144 -20% $21.59 592 20 Nov 2023 Direct F1
transaction PLTR Class A Common Stock Conversion of derivative security +140,175 +23678% 140,767 21 Nov 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale $2,453,348 -122,127 -87% $20.09 18,640 21 Nov 2023 Direct F1, F4
transaction PLTR Class A Common Stock Sale $379,993 -18,048 -97% $21.05 592 21 Nov 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 Restricted Stock Units Options Exercise $0 -675,000 -9.1% $0.000000 6,750,000 20 Nov 2023 Class B Common Stock 675,000 Direct F1, F2, F6, F7
transaction PLTR Class B Common Stock Options Exercise $0 +675,000 +5.2% $0.000000 13,548,294 20 Nov 2023 Class A Common Stock 675,000 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -201,160 -1.5% $0.000000 13,347,134 20 Nov 2023 Class A Common Stock 201,160 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -140,175 -1.1% $0.000000 13,206,959 21 Nov 2023 Class A Common Stock 140,175 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 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on November 20, 2023, converted 201,160 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 20, 2023 and then converted 140,175 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 21, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on November 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 $20.59 to $21.58. 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 $19.74 to $20.73. 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 price ranges 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.
F5 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.74 to $21.73. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (4) for sales executed in other price ranges 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 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.
F7 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

Remarks:

Officer title: President and Secretary. 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).