Ryan D. Taylor - Oct 25, 2024 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role: Officer
Signature: /s/ Justin V. Laubach, under power of attorney
Stock symbol: PLTR
Transactions as of: Oct 25, 2024
Transactions value $: -$4,967,894
Form type: 4
Date filed: 10/29/2024, 08:13 PM
Previous filing: Oct 8, 2024
Next filing: Nov 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLTR	Class A Common Stock	Options Exercise	$582K	+123K	+37.22%	$4.72	455K	Oct 25, 2024	Direct	F1
transaction	PLTR	Class A Common Stock	Sale	-$5.55M	-123K	-27.12%	$45.00	331K	Oct 25, 2024	Direct	F1

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	Employee Stock Option (Right to buy)	Options Exercise	$0	-123K	-20.9%	$0.00	467K	Oct 25, 2024	Class A Common Stock	123K	$4.72	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id	Content
F1	This transaction is part of a related series of transactions undertaken on October 25, 2024 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on March 12, 2024. The Reporting Person exercised 123,334 vested Class A Common Stock options and immediately sold the shares of Class A Common Stock in the open market.
F2	The options exercised in this transaction were fully vested and exercisable as of the transaction date.

Content

This transaction is part of a related series of transactions undertaken on October 25, 2024 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on March 12, 2024. The Reporting Person exercised 123,334 vested Class A Common Stock options and immediately sold the shares of Class A Common Stock in the open market.

The options exercised in this transaction were fully vested and exercisable as of the transaction date.

Remarks:

Officer title: Chief Revenue Officer and Chief Legal 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, 2024, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).