Stephen Andrew Cohen - 20 Aug 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer, Director
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
20 Aug 2023
Transactions value $
-$5,087,205
Form type
4
Filing time
22 Aug 2023, 22:13:56 UTC
Previous filing
23 May 2023
Next filing
22 Nov 2023
SEC
View on sec.gov

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 +197K +33258.11% 197K 21 Aug 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$2.86M -197K -99.7% $14.55 592 21 Aug 2023 Direct F1, F3
transaction PLTR Class A Common Stock Conversion of derivative security +150K +25362.33% 151K 22 Aug 2023 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$2.22M -150K -99.61% $14.81 592 22 Aug 2023 Direct F1, F4

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 -675K -8.33% $0.00 7.43M 20 Aug 2023 Class B Common Stock 675K Direct F1, F2, F5, F6
transaction PLTR Class B Common Stock Options Exercise $0 +675K +5.38% $0.00 13.2M 20 Aug 2023 Class A Common Stock 675K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -197K -1.49% $0.00 13M 21 Aug 2023 Class A Common Stock 197K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -150K -1.15% $0.00 12.9M 22 Aug 2023 Class A Common Stock 150K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is part of a related series of transactions. The Reporting Person acquired rights to 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on August 20, 2023, converted 196,888 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 21, 2023 and then converted 150,145 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 22, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 20, 2023.
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 $14.40 to $14.76. 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.
F4 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $14.63 to $15.12. 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.
F5 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.
F6 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

Remarks:

Officer title: President and Secretary. 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 26, 2023, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).