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Filing Details

Accession Number:: 0001209191-20-060418
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-24 21:24:12
Reporting Period:: 2020-11-20

Accepted Time:: 2020-11-24 21:24:12
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
1824159	Shyam Sankar	C/O Palantir Technologies Inc. 1555 Blake Street, Suite 250 Denver CO 80202	See Remarks	No	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	Disposition	2020-11-20	119,444	$18.43	3,141,508	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-20	23,900	$19.21	3,117,608	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-11-23	500,000	$0.00	3,617,608	No	4	C	Direct
Class A Common Stock	Disposition	2020-11-23	500,000	$20.00	3,117,608	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-11-24	100,000	$0.00	3,217,608	No	4	C	Direct
Class A Common Stock	Disposition	2020-11-24	100,000	$22.50	3,117,608	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct
No	4	C	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	2020-11-23	500,000	$0.00	500,000	$4.72
Class A Common Stock	Class B Common Stock	Acquisiton	2020-11-23	500,000	$0.00	500,000	$4.72
Class A Common Stock	Class B Common Stock	Disposition	2020-11-23	500,000	$0.00	500,000	$0.00
Class B Common Stock	Employee Stock Option (Right to buy)	Disposition	2020-11-24	100,000	$0.00	100,000	$4.72
Class A Common Stock	Class B Common Stock	Acquisiton	2020-11-24	100,000	$0.00	100,000	$4.72
Class A Common Stock	Class B Common Stock	Disposition	2020-11-24	100,000	$0.00	100,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,035,000	2030-06-03	No	4	M	Direct
500,000		No	4	M	Direct
0		No	4	C	Direct
4,935,000	2030-06-03	No	4	M	Direct
100,000		No	4	M	Direct
0		No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	850,000	Indirect	See Footnote
Class A Common Stock	25,048	Indirect	See Footnote

Footnotes

This transaction represents an automatic sale of share to cover required tax withholding obligations in connection with the vesting of restricted stock units. All sales were conducted in compliance with the Issuer's lock-up terms.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $18.00 to $18.995. 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 $19.00 to $19.63. 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.
This transaction is part of a related series of transactions undertaken on November 23, 2020 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 $20.00 to $20.015. 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.
This transaction is part of a related series of transactions undertaken on November 24, 2020 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.
These shares are held of record by Shyam Sankar, Trustee of The Shyam Sankar 2020 Annuity Trust u/a/d 7/14/2020 (the "Annuity 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 Annuity Trust, except to the extent of his pecuniary interest therein.
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.
The options exercised in this transaction were fully vested and exercisable as of the transaction date.
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.