Filing Details

Accession Number:
0001321655-23-000051
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-23 20:35:41
Reporting Period:
2023-05-20
Accepted Time:
2023-05-23 20:35:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1321655 Palantir Technologies Inc. PLTR Services-Prepackaged Software (7372) 680551851
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1823951 C. Alexander Karp C/O Palantir Technologies Inc.
1200 17Th Street, Floor 15
Denver CO 80202
See Remarks Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-05-22 408,862 $0.00 6,841,120 No 4 C Direct
Class A Common Stock Disposition 2023-05-22 408,862 $11.76 6,432,258 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Restricted Stock Units Disposition 2023-05-20 877,500 $0.00 877,500 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2023-05-20 877,500 $0.00 877,500 $0.00
Class B Common Stock Restricted Stock Units Disposition 2023-05-20 97,500 $0.00 97,500 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2023-05-20 97,500 $0.00 97,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-05-22 408,862 $0.00 408,862 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
28,080,000 2031-05-20 No 4 M Direct
49,671,795 No 4 M Direct
3,120,000 2031-05-20 No 4 M Direct
49,769,295 No 4 M Direct
49,360,433 No 4 C Direct
Footnotes
  1. 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 May 20, 2023, converted 408,862 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 22, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2023 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
  2. 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.
  3. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $11.40 to $12.10. The price reported above reflects the weighted average sale price of trades occurring within that price range. 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.
  4. 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.
  5. The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
  6. 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.