Shyam Sankar - Feb 20, 2025 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Officer
Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Feb 20, 2025
Transactions value $
-$21,419,899
Form type
4
Date filed
2/24/2025, 08:41 PM
Previous filing
Dec 13, 2024

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 +150K +21.31% 853K Feb 20, 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$162K -1.69K -0.2% $96.43 851K Feb 20, 2025 Direct F1, F3
transaction PLTR Class A Common Stock Sale -$217K -2.23K -0.26% $97.42 849K Feb 20, 2025 Direct F1, F4
transaction PLTR Class A Common Stock Sale -$1.44M -14.6K -1.72% $98.57 834K Feb 20, 2025 Direct F1, F5
transaction PLTR Class A Common Stock Sale -$1.66M -16.7K -2% $99.39 817K Feb 20, 2025 Direct F1, F6
transaction PLTR Class A Common Stock Sale -$1.65M -16.5K -2.01% $100.41 801K Feb 20, 2025 Direct F1, F7
transaction PLTR Class A Common Stock Sale -$1.75M -17.3K -2.16% $101.36 784K Feb 20, 2025 Direct F1, F8
transaction PLTR Class A Common Stock Sale -$1.87M -18.3K -2.33% $102.47 765K Feb 20, 2025 Direct F1, F9
transaction PLTR Class A Common Stock Sale -$1.37M -13.2K -1.73% $103.46 752K Feb 20, 2025 Direct F1, F10
transaction PLTR Class A Common Stock Sale -$1.67M -16K -2.13% $104.30 736K Feb 20, 2025 Direct F1, F11
transaction PLTR Class A Common Stock Sale -$1.36M -12.9K -1.75% $105.44 723K Feb 20, 2025 Direct F1, F12
transaction PLTR Class A Common Stock Sale -$2.13M -20K -2.77% $106.34 703K Feb 20, 2025 Direct F1, F13
transaction PLTR Class A Common Stock Sale -$47.9K -447 -0.06% $107.09 703K Feb 20, 2025 Direct F1, F14
transaction PLTR Class A Common Stock Conversion of derivative security +31.3K +4.45% 734K Feb 21, 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$509K -4.86K -0.66% $104.70 729K Feb 21, 2025 Direct F1, F15
transaction PLTR Class A Common Stock Sale -$1.04M -9.88K -1.36% $105.63 719K Feb 21, 2025 Direct F1, F16
transaction PLTR Class A Common Stock Sale -$747K -7.03K -0.98% $106.37 712K Feb 21, 2025 Direct F1, F17
transaction PLTR Class A Common Stock Sale -$720K -6.7K -0.94% $107.55 706K Feb 21, 2025 Direct F1, F18
transaction PLTR Class A Common Stock Sale -$302K -2.79K -0.4% $108.28 703K Feb 21, 2025 Direct F1, F19
transaction PLTR Class A Common Stock Conversion of derivative security +30K +4.27% 733K Feb 24, 2025 Direct F2, F20
transaction PLTR Class A Common Stock Sale -$601K -6.66K -0.91% $90.27 726K Feb 24, 2025 Direct F20, F21
transaction PLTR Class A Common Stock Sale -$523K -5.74K -0.79% $91.17 720K Feb 24, 2025 Direct F20, F22
transaction PLTR Class A Common Stock Sale -$533K -5.78K -0.8% $92.25 715K Feb 24, 2025 Direct F20, F23
transaction PLTR Class A Common Stock Sale -$700K -7.51K -1.05% $93.25 707K Feb 24, 2025 Direct F20, F24
transaction PLTR Class A Common Stock Sale -$64K -679 -0.1% $94.31 706K Feb 24, 2025 Direct F20
transaction PLTR Class A Common Stock Sale -$224K -2.33K -0.33% $95.98 704K Feb 24, 2025 Direct F20, F25
transaction PLTR Class A Common Stock Sale -$59.2K -607 -0.09% $97.46 703K Feb 24, 2025 Direct F20, F26
transaction PLTR Class A Common Stock Sale -$68.6K -699 -0.1% $98.10 703K Feb 24, 2025 Direct F20, F27
holding PLTR Class A Common Stock 750K Feb 20, 2025 See Footnote F28

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 -375K -16.67% $0.00 1.88M Feb 20, 2025 Class B Common Stock 375K Direct F1, F2, F29, F30
transaction PLTR Class B Common Stock Options Exercise $0 +375K +14.65% $0.00 2.94M Feb 20, 2025 Class A Common Stock 375K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -150K -5.1% $0.00 2.79M Feb 20, 2025 Class A Common Stock 150K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -31.3K -1.12% $0.00 2.75M Feb 21, 2025 Class A Common Stock 31.3K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -30K -1.09% $0.00 2.72M Feb 24, 2025 Class A Common Stock 30K Direct F2, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction is part of a related series of transactions. The Reporting Person acquired rights to 375,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on February 20, 2025, converted 149,773 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 20, 2025 and then converted 31,251 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 21, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2025 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
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 $95.91 to $96.90. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (4), (5), (6), (7), (8), (9), (10), (11), (12), (13) and (14) 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.
F4 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $96.91 to $97.88. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (5), (6), (7), (8), (9), (10), (11), (12), (13) and (14) 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.
F5 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $97.93 to $98.9217. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (6), (7), (8), (9), (10), (11), (12), (13) and (14) 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.
F6 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $98.93 to $99.9267. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (7), (8), (9), (10), (11), (12), (13) and (14) 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.
F7 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $99.9329 to $100.93. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (8), (9), (10), (11), (12), (13) and (14) 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.
F8 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $100.94 to $101.9372. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (9), (10), (11), (12), (13) and (14) 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.
F9 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $101.94 to $102.9358. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (10), (11), (12), (13) and (14) 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.
F10 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $102.94 to $103.9394. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (9), (11), (12), (13) and (14) 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.
F11 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $103.94 to $104.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (9), (10), (12), (13) and (14) 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.
F12 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $104.94 to $105.93. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (9), (10), (11), (13) and (14) 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.
F13 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $105.94 to $106.93. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (9), (10), (11), (12) and (14) 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.
F14 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $106.94 to $107.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4), (5), (6), (7), (8), (9), (10), (11), (12) and (13) 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.
F15 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $104.02 to $105.01. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (16), (17), (18) and (19) 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.
F16 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $105.02 to $106.0195. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (15), (17), (18) and (19) 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.
F17 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $106.02 to $107.018. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (15), (16), (18) and (19) 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.
F18 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $107.02 to $108.01. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (15), (16), (17) and (19) 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.
F19 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $108.02 to $108.94. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (15), (16), (17) and (18) 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.
F20 This transaction is part of a related series of transactions undertaken on February 24, 2025 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on August 29, 2024. The Reporting Person converted 30,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock in the open market.
F21 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $89.695 to $90.665. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22), (23), (24), (25), (26) and (27) 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.
F22 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $90.695 to $91.68. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (23), (24), (25), (26) and (27) 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.
F23 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $91.73 to $92.725. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (22), (24), (25), (26) and (27) 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.
F24 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $92.755 to $93.725. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (22), (23), (25), (26) and (27) 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.
F25 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $95.58 to $96.445. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (22), (23), (24), (26) and (27) 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.
F26 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $96.685 to $97.65. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (22), (23), (24), (25) and (27) 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.
F27 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $97.84 to $98.42. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (21), (22), (23), (24), (25) and (26) 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.
F28 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.
F29 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.
F30 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

Remarks:

Officer title: Chief Technology Officer and Executive Vice President. 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, 2024, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).