Stephen Andrew Cohen - 12 Mar 2025 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
12 Mar 2025
Net transactions value
-$310,248,337
Form type
4
Filing time
14 Mar 2025, 20:33:42 UTC
Previous filing
24 Feb 2025
Next filing
19 Mar 2025

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 +1,250,000 +211149% 1,250,592 12 Mar 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale $8,674,466 -107,584 -8.6% $80.63 1,143,008 12 Mar 2025 Direct F1, F3
transaction PLTR Class A Common Stock Sale $15,539,161 -190,809 -17% $81.44 952,199 12 Mar 2025 Direct F1, F4
transaction PLTR Class A Common Stock Sale $24,150,657 -293,040 -31% $82.41 659,159 12 Mar 2025 Direct F1, F5
transaction PLTR Class A Common Stock Sale $42,739,984 -511,945 -78% $83.49 147,214 12 Mar 2025 Direct F1, F6
transaction PLTR Class A Common Stock Sale $12,330,617 -146,622 -100% $84.10 592 12 Mar 2025 Direct F1, F7
transaction PLTR Class A Common Stock Conversion of derivative security +1,250,000 +211149% 1,250,592 13 Mar 2025 Direct F2, F8
transaction PLTR Class A Common Stock Sale $24,445,706 -309,208 -25% $79.06 941,384 13 Mar 2025 Direct F8, F9
transaction PLTR Class A Common Stock Sale $46,236,944 -579,512 -62% $79.79 361,872 13 Mar 2025 Direct F8, F10
transaction PLTR Class A Common Stock Sale $11,964,791 -148,358 -41% $80.65 213,514 13 Mar 2025 Direct F8, F11
transaction PLTR Class A Common Stock Sale $9,269,391 -113,212 -53% $81.88 100,302 13 Mar 2025 Direct F8, F12
transaction PLTR Class A Common Stock Sale $7,803,546 -94,161 -94% $82.87 6,141 13 Mar 2025 Direct F8, F13
transaction PLTR Class A Common Stock Sale $463,267 -5,549 -90% $83.49 592 13 Mar 2025 Direct F8, F14
transaction PLTR Class A Common Stock Conversion of derivative security +1,250,000 +211149% 1,250,592 14 Mar 2025 Direct F2, F15
transaction PLTR Class A Common Stock Sale $15,423,677 -186,092 -15% $82.88 1,064,500 14 Mar 2025 Direct F15, F16
transaction PLTR Class A Common Stock Sale $5,517,373 -65,986 -6.2% $83.61 998,514 14 Mar 2025 Direct F15, F17
transaction PLTR Class A Common Stock Sale $19,177,408 -225,819 -23% $84.92 772,695 14 Mar 2025 Direct F15, F18
transaction PLTR Class A Common Stock Sale $39,017,784 -454,784 -59% $85.79 317,911 14 Mar 2025 Direct F15, F19
transaction PLTR Class A Common Stock Sale $27,493,565 -317,319 -100% $86.64 592 14 Mar 2025 Direct F15, F20

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 -1,250,000 -10% $0.000000 11,151,568 12 Mar 2025 Class B Common Stock 1,250,000 $4.72 Direct F1, F2, F21
transaction PLTR Class B Common Stock Options Exercise $0 +1,250,000 +10% $0.000000 13,452,734 12 Mar 2025 Class A Common Stock 1,250,000 $4.72 Direct F1, F2
transaction PLTR Class B Common Stock Options Exercise $0 -1,250,000 -9.3% $0.000000 12,202,734 12 Mar 2025 Class A Common Stock 1,250,000 Direct F1, F2
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -1,250,000 -11% $0.000000 9,901,568 13 Mar 2025 Class B Common Stock 1,250,000 $4.72 Direct F2, F8, F21
transaction PLTR Class B Common Stock Options Exercise $0 +1,250,000 +10% $0.000000 13,452,734 13 Mar 2025 Class A Common Stock 1,250,000 $4.72 Direct F2, F8
transaction PLTR Class B Common Stock Options Exercise $0 -1,250,000 -9.3% $0.000000 12,202,734 13 Mar 2025 Class A Common Stock 1,250,000 Direct F2, F8
transaction PLTR Employee Stock Option (Right to buy) Options Exercise $0 -1,250,000 -13% $0.000000 8,651,568 14 Mar 2025 Class B Common Stock 1,250,000 $4.72 Direct F2, F15, F21
transaction PLTR Class B Common Stock Options Exercise $0 +1,250,000 +10% $0.000000 13,452,734 14 Mar 2025 Class A Common Stock 1,250,000 $4.72 Direct F2, F15
transaction PLTR Class B Common Stock Options Exercise $0 -1,250,000 -9.3% $0.000000 12,202,734 14 Mar 2025 Class A Common Stock 1,250,000 Direct F2, F15
* 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 March 12, 2025 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on December 11, 2024. The Reporting Person exercised 1,250,000 vested Class B Common Stock options, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
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 $79.92 to $80.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (4), (5), (6) and (7) 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.
F4 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $80.92 to $81.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (5), (6) and (7) 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 $81.92 to $82.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (6) and (7) 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 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $82.92 to $83.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5) and (7) 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.
F7 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $83.92 to $84.52. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5) and (6) 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.
F8 This transaction is part of a related series of transactions undertaken on March 13, 2025 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on December 11, 2024. The Reporting Person exercised 1,250,000 vested Class B Common Stock options, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
F9 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $78.37 to $79.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (10), (11), (12), (13) and (14) 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.
F10 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $79.37 to $80.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9), (11), (12), (13) and (14) 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.
F11 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $80.37 to $81.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9), (10), (12), (13) and (14) 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.
F12 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $81.37 to $82.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9), (10), (11), (13) and (14) 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.
F13 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $82.37 to $83.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9), (10), (11), (12) and (14) 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.
F14 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $83.37 to $83.70. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9), (10), (11), (12) and (13) 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.
F15 This transaction is part of a related series of transactions undertaken on March 14, 2025 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on December 11, 2024. The Reporting Person exercised 1,250,000 vested Class B Common Stock options, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market.
F16 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $82.27 to $83.26. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (17), (18), (19) and (20) 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.
F17 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $83.27 to $84.26. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (16), (18), (19) and (20) 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.
F18 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $84.27 to $85.26. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (16), (17), (19) and (20) 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.
F19 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $85.27 to $86.26. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (16), (17), (18) and (20) 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.
F20 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $86.27 to $87.23. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (16), (17), (18) and (19) 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.
F21 The options exercised in this transaction were fully vested and exercisable 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, 2024, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).