Shyam Sankar - 20 May 2025 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 May 2025
Net transactions value
-$21,169,439
Form type
4
Filing time
22 May 2025, 20:21:27 UTC
Previous filing
24 Feb 2025
Next filing
12 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sankar Shyam Officer C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER /s/ Justin V. Laubach, under power of attorney 22 May 2025 0001824159

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 +150,814 +21% 853,600 20 May 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale $2,550,420 -20,328 -2.4% $125.46 833,272 20 May 2025 Direct F1, F3
transaction PLTR Class A Common Stock Sale $9,546,418 -75,621 -9.1% $126.24 757,651 20 May 2025 Direct F1, F4
transaction PLTR Class A Common Stock Sale $6,913,359 -54,460 -7.2% $126.94 703,191 20 May 2025 Direct F1, F5
transaction PLTR Class A Common Stock Sale $51,721 -405 -0.06% $127.71 702,786 20 May 2025 Direct F1, F6
transaction PLTR Class A Common Stock Conversion of derivative security +16,731 +2.4% 719,517 21 May 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale $757,450 -6,047 -0.84% $125.26 713,470 21 May 2025 Direct F1, F7
transaction PLTR Class A Common Stock Sale $974,837 -7,726 -1.1% $126.18 705,744 21 May 2025 Direct F1, F8
transaction PLTR Class A Common Stock Sale $375,233 -2,958 -0.42% $126.85 702,786 21 May 2025 Direct F1, F9
holding PLTR Class A Common Stock 749,899 20 May 2025 See Footnote F10

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 -20% $0.000000 1,500,000 20 May 2025 Class B Common Stock 375,000 Direct F1, F2, F11, F12
transaction PLTR Class B Common Stock Options Exercise $0 +375,000 +14% $0.000000 3,099,398 20 May 2025 Class A Common Stock 375,000 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -150,814 -4.9% $0.000000 2,948,584 20 May 2025 Class A Common Stock 150,814 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -16,731 -0.57% $0.000000 2,931,853 21 May 2025 Class A Common Stock 16,731 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 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on May 20, 2025, converted 150,814 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on May 20, 2025 and then converted 16,731 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on May 21, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2025 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 $124.69 to $125.6868. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (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.
F4 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $125.69 to $126.685. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (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.
F5 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $126.69 to $127.66. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4) 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.
F6 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $127.69 to $127.80. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4) and (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.
F7 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $124.64 to $125.6314. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (8) and (9) 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $125.64 to $126.51. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (7) and (9) 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.
F9 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $126.67 to $127.06. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (7) and (8) 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 These shares are held of record by Shyam Sankar, Co-Trustee of the Sankar Irrevocable Remainder Trust u/a/d 4/20/2020 (the "Remainder Trust"). These shares were not subject to a particular transaction during the dates covered by this Form 4 and are listed here to disclose the Reporting Person's holdings as required by Securities and Exchange Commission rules. The Reporting Person disclaims beneficial ownership of the shares held by the Remainder Trust, except to the extent of his pecuniary interest therein.
F11 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.
F12 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction 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 25, 2025, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).