Alexander C. Karp - 20 Feb 2026 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
20 Feb 2026
Net transactions value
-$65,955,988
Form type
4
Filing time
24 Feb 2026, 20:08:42 UTC
Previous filing
24 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Karp Alexander C. Officer, Director C/O PALANTIR TECHNOLOGIES INC., 19505 BISCAYNE BOULEVARD, SUITE 2350, AVENTURA /s/ Justin V. Laubach, under power of attorney 24 Feb 2026 0001823951

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 +403,025 +6.3% 6,835,283 20 Feb 2026 Direct F1, F2
transaction PLTR Class A Common Stock Sale $5,267,256 -39,893 -0.58% $132.03 6,795,390 20 Feb 2026 Direct F1, F3
transaction PLTR Class A Common Stock Sale $16,519,795 -124,338 -1.8% $132.86 6,671,052 20 Feb 2026 Direct F1, F4
transaction PLTR Class A Common Stock Sale $14,017,146 -104,796 -1.6% $133.76 6,566,256 20 Feb 2026 Direct F1, F5
transaction PLTR Class A Common Stock Sale $14,939,120 -110,800 -1.7% $134.83 6,455,456 20 Feb 2026 Direct F1, F6
transaction PLTR Class A Common Stock Sale $3,148,553 -23,198 -0.36% $135.73 6,432,258 20 Feb 2026 Direct F1, F7
transaction PLTR Class A Common Stock Conversion of derivative security +90,000 +1.4% 6,522,258 20 Feb 2026 Direct F2, F8
transaction PLTR Class A Common Stock Sale $815,841 -6,180 -0.09% $132.01 6,516,078 20 Feb 2026 Direct F8, F9
transaction PLTR Class A Common Stock Sale $2,690,731 -20,259 -0.31% $132.82 6,495,819 20 Feb 2026 Direct F8, F10
transaction PLTR Class A Common Stock Sale $2,582,254 -19,309 -0.3% $133.73 6,476,510 20 Feb 2026 Direct F8, F11
transaction PLTR Class A Common Stock Sale $4,809,042 -35,656 -0.55% $134.87 6,440,854 20 Feb 2026 Direct F8, F12
transaction PLTR Class A Common Stock Sale $1,166,248 -8,596 -0.13% $135.67 6,432,258 20 Feb 2026 Direct F8, F13

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 -877,500 -4.5% $0.000000 18,427,500 20 Feb 2026 Class B Common Stock 877,500 Direct F1, F2, F14, F15
transaction PLTR Class B Common Stock Options Exercise $0 +877,500 +1.7% $0.000000 51,828,518 20 Feb 2026 Class A Common Stock 877,500 Direct F1, F2
transaction PLTR Restricted Stock Units Options Exercise $0 -97,500 -4.5% $0.000000 2,047,500 20 Feb 2026 Class B Common Stock 97,500 Direct F1, F2, F15, F16
transaction PLTR Class B Common Stock Options Exercise $0 +97,500 +0.19% $0.000000 51,926,018 20 Feb 2026 Class A Common Stock 97,500 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -403,025 -0.78% $0.000000 51,522,993 20 Feb 2026 Class A Common Stock 403,025 Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -90,000 -0.17% $0.000000 51,432,993 20 Feb 2026 Class A Common Stock 90,000 Direct F2, F8
* 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. The Reporting Person acquired rights to 975,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on February 20, 2026, converted 403,025 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 20, 2026. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2026 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 $131.34 to $132.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in 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 $132.34 to $133.3361. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in 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 $133.34 to $134.3303. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in 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 $134.34 to $135.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in 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 $135.34 to $136.14. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) for sales executed in 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 February 20, 2026 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on November 21, 2025. The Reporting Person converted 90,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting 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 $131.30 to $132.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) for sales executed in 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 $132.30 to $133.28. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) for sales executed in 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 $133.30 to $134.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) for sales executed in 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 $134.30 to $135.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) for sales executed in 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 $135.30 to $136.13. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) for sales executed in 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 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.
F15 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F16 These securities are RSUs granted pursuant to the Issuer's 2020 Executive Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.

Remarks:

Officer title: Chief Executive 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 25, 2025, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).