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Filing Details

Accession Number:: 0001209191-21-053255
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-24 21:05:31
Reporting Period:: 2021-08-20

Accepted Time:: 2021-08-24 21:05:31
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	Acquisiton	2021-08-20	170,970	$0.00	2,730,822	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-20	266,865	$23.94	2,463,957	No	4	S	Direct
Class A Common Stock	Disposition	2021-08-23	114,435	$24.65	2,349,522	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-08-24	204,030	$0.00	2,553,552	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-24	204,030	$25.20	2,349,522	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
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	Restricted Stock Units	Disposition	2021-08-20	375,000	$0.00	375,000	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-08-20	375,000	$0.00	375,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-20	170,970	$0.00	170,970	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-24	204,030	$0.00	204,030	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,125,000	2026-05-20	No	4	M	Direct
375,000		No	4	M	Direct
204,030		No	4	C	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	225,048	Indirect	See Footnote

Footnotes

This transaction is part of a related series of transactions undertaken on August 20, 2021. The Reporting Person acquired 375,000 shares of Class B Common Stock upon incremental vesting of restricted stock units ("RSUs"), converted 170,970 of the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock along with 95,895 additional shares of Class A Common Stock acquired upon incremental vesting of RSUs in an automatic sale of shares to cover required tax withholding obligations in connection with the vesting of RSUs. All sales were conducted in compliance with the Reporting Person's preexisting Rule 10b5-1 trading plan.
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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $23.67 to $24.43. 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.
The Reporting Person sold shares of Class A Common Stock in the open market pursuant to a preexisting Rule 10b5-1 trading plan.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $24.00 to $24.88. 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 August 24, 2021. The Reporting Person converted shares of Class B Common Stock resulting from the vesting of RSUs described in footnote (1) 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 $25.145 to $25.245. 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.
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.
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.
The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.