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Filing Details

Accession Number:: 0001209191-20-059300
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-18 21:37:54
Reporting Period:: 2020-11-16

Accepted Time:: 2020-11-18 21:37:54
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. 1555 Blake Street, Suite 250 Denver CO 80202	See Remarks	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2020-11-16	1,285,123	$0.00	7,711,619	No	4	C	Direct
Class A Common Stock	Disposition	2020-11-16	1,269,212	$15.79	6,442,407	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	15,911	$16.06	6,426,496	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Employee Stock Option (Right to buy)	Disposition	2020-11-16	1,285,123	$0.00	1,285,123	$0.10
Class A Common Stock	Class B Common Stock	Acquisiton	2020-11-16	1,285,123	$0.00	1,285,123	$0.10
Class A Common Stock	Class B Common Stock	Disposition	2020-11-16	1,285,123	$0.00	1,285,123	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
59,612,456	2021-12-03	No	4	M	Direct
14,155,013		No	4	M	Direct
12,869,890		No	4	C	Direct

Footnotes

All transactions listed in this Form 4 are related and represent one series of transactions undertaken pursuant to a preexisting Rule 10b5-1 trading plan and conducted in compliance with the Issuer's lock-up terms. The Reporting Person exercised 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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $15.02 to $16.01. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (3) 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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $16.02 to $16.09. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (2) 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.
The option, originally for 60,897,579 shares, of which 1,285,123 shares have been exercised, vested as to 1/120th of the shares on July 3, 2011, and vests as to 1/120th of the shares each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
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.