Peter Thiel - 08 May 2024 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role: Director
Issuer symbol: PLTR
Report date: 08 May 2024
Net transaction value: -$273,490,548
Form type: 4
Accepted by SEC: 10 May 2024, 20:09:35 UTC
Previous filing: 12 Mar 2024
Next filing: 26 Sep 2024
SEC filing: View on sec.gov
Reporting owner signature: /s/ Justin V. Laubach, under power of attorney

Key filing fact

Peter Thiel filed Form 4 for Palantir Technologies Inc. (PLTR) on 10 May 2024.

Key facts

This page summarizes Peter Thiel's Form 4 filing for Palantir Technologies Inc. (PLTR).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 10 May 2024, 20:09.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: -$273,490,548.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PLTR transaction

Class A Common Stock

Sale

Transaction value: $134,078,704
Shares: -6,285,833
Change %: -8.9%
Price: $21.33
Shares after: 64,520,599
Date: 08 May 2024
Ownership: See Footnote
Footnotes: F1, F2, F3

PLTR transaction

Class A Common Stock

Sale

Transaction value: $35,491,845
Shares: -1,669,411
Change %: -2.6%
Price: $21.26
Shares after: 62,851,188
Date: 09 May 2024
Ownership: See Footnote
Footnotes: F1, F3, F4

PLTR transaction

Class A Common Stock

Sale

Transaction value: $103,920,000
Shares: -5,000,000
Change %: -24%
Price: $20.78
Shares after: 15,733,625
Date: 10 May 2024
Ownership: See Footnote
Footnotes: F1, F5, F6

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,823,993
Date: 08 May 2024
Ownership: See Footnote
Footnotes: F7, F8

PLTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 53,487
Date: 08 May 2024
Ownership: See Footnote
Footnotes: F7, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 9 footnotes

Footnote F1

The sales reported on this Form 4 were effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the holder on December 12, 2023.

Footnote F2

This transaction was executed in multiple trades at prices ranging from $21.07 to $21.71. The price above reflects the weighted average sale price. 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.

Footnote F3

These shares are held of record by Rivendell 7 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 7 LLC.

Footnote F4

This transaction was executed in multiple trades at prices ranging from $20.96 to $21.57. The price above reflects the weighted average sale price. 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.

Footnote F5

This transaction was executed in multiple trades at prices ranging from $20.51 to $21.34 . The price above reflects the weighted average sale price. 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.

Footnote F6

These shares are held of record by STS Holdings II LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by STS Holdings II LLC.

Footnote F7

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.

Footnote F8

These shares are held of record by PLTR Holdings LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by PLTR Holdings LLC.

Footnote F9

These shares are held of record by Rivendell 25 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 25 LLC.

SEC remarks

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," as well as the Reporting Person's Statement on Schedule 13G with respect to the Issuer originally filed with the Securities and Exchange Commission on February 16, 2021, as amended and restated from time to time (in each case, subject to the definitions, explanations, and time periods described therein).