Alexander C. Karp - Nov 20, 2025 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
Nov 20, 2025
Transactions value $
-$66,043,701
Form type
4
Date filed
11/24/2025, 08:09 PM
Previous filing
Aug 22, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Karp Alexander C. Officer, Director C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER /s/ Justin V. Laubach, under power of attorney 2025-11-24 0001823951

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 +359K +5.59% 6.79M Nov 20, 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$3.45M -22.2K -0.33% $155.31 6.77M Nov 20, 2025 Direct F1, F3
transaction PLTR Class A Common Stock Sale -$3.33M -21.3K -0.32% $156.19 6.75M Nov 20, 2025 Direct F1, F4
transaction PLTR Class A Common Stock Sale -$7.02M -44.7K -0.66% $157.25 6.7M Nov 20, 2025 Direct F1, F5
transaction PLTR Class A Common Stock Sale -$6.89M -43.6K -0.65% $158.14 6.66M Nov 20, 2025 Direct F1, F6
transaction PLTR Class A Common Stock Sale -$3.23M -20.3K -0.3% $159.08 6.64M Nov 20, 2025 Direct F1, F7
transaction PLTR Class A Common Stock Sale -$2.78M -17.4K -0.26% $160.16 6.62M Nov 20, 2025 Direct F1, F8
transaction PLTR Class A Common Stock Sale -$2.07M -12.9K -0.19% $161.16 6.61M Nov 20, 2025 Direct F1, F9
transaction PLTR Class A Common Stock Sale -$480K -2.97K -0.04% $161.85 6.61M Nov 20, 2025 Direct F1, F10
transaction PLTR Class A Common Stock Sale -$1.7M -10.4K -0.16% $163.37 6.6M Nov 20, 2025 Direct F1, F11
transaction PLTR Class A Common Stock Sale -$1.02M -6.23K -0.09% $164.05 6.59M Nov 20, 2025 Direct F1, F12
transaction PLTR Class A Common Stock Sale -$800K -4.82K -0.07% $165.95 6.58M Nov 20, 2025 Direct F1, F13
transaction PLTR Class A Common Stock Sale -$1.31M -7.86K -0.12% $166.73 6.58M Nov 20, 2025 Direct F1, F14
transaction PLTR Class A Common Stock Sale -$1.12M -6.66K -0.1% $167.93 6.57M Nov 20, 2025 Direct F1, F15
transaction PLTR Class A Common Stock Sale -$921K -5.45K -0.08% $168.90 6.56M Nov 20, 2025 Direct F1, F16
transaction PLTR Class A Common Stock Sale -$1.75M -10.3K -0.16% $169.94 6.55M Nov 20, 2025 Direct F1, F17
transaction PLTR Class A Common Stock Sale -$5.76M -33.7K -0.51% $170.91 6.52M Nov 20, 2025 Direct F1, F18
transaction PLTR Class A Common Stock Sale -$6.81M -39.6K -0.61% $172.00 6.48M Nov 20, 2025 Direct F1, F19
transaction PLTR Class A Common Stock Sale -$7.75M -44.9K -0.69% $172.77 6.44M Nov 20, 2025 Direct F1, F20
transaction PLTR Class A Common Stock Sale -$719K -4.15K -0.06% $173.41 6.43M Nov 20, 2025 Direct F1, F21
transaction PLTR Class A Common Stock Conversion of derivative security +45.6K +0.71% 6.48M Nov 21, 2025 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$65.4K -426 -0.01% $153.43 6.48M Nov 21, 2025 Direct F1, F22
transaction PLTR Class A Common Stock Sale -$6.97M -44.6K -0.69% $156.26 6.43M Nov 21, 2025 Direct F1, F23
transaction PLTR Class A Common Stock Sale -$86K -545 -0.01% $157.74 6.43M Nov 21, 2025 Direct F1, F24

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 -878K -4.35% $0.00 19.3M Nov 20, 2025 Class B Common Stock 878K Direct F1, F2, F25, F26
transaction PLTR Class B Common Stock Options Exercise $0 +878K +1.74% $0.00 51.3M Nov 20, 2025 Class A Common Stock 878K Direct F1, F2
transaction PLTR Restricted Stock Units Options Exercise $0 -97.5K -4.35% $0.00 2.15M Nov 20, 2025 Class B Common Stock 97.5K Direct F1, F2, F26, F27
transaction PLTR Class B Common Stock Options Exercise $0 +97.5K +0.19% $0.00 51.4M Nov 20, 2025 Class A Common Stock 97.5K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -359K -0.7% $0.00 51M Nov 20, 2025 Class A Common Stock 359K Direct F1, F2
transaction PLTR Class B Common Stock Conversion of derivative security $0 -45.6K -0.09% $0.00 51M Nov 21, 2025 Class A Common Stock 45.6K 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 975,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on November 20, 2025, converted 359,325 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 20, 2025 and then converted 45,564 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 21, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on November 20, 2025.
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 $154.6592 to $155.6561. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $155.68 to $156.6791. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $156.68 to $157.678. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $157.68 to $158.67. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $158.68 to $159.674. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $159.68 to $160.6789. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $160.68 to $161.6741. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $161.68 to $162.2098. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $162.7765 to $163.7758. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $163.78 to $164.65. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $165.34 to $166.338. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $166.34 to $167.31. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $167.35 to $168.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $168.35 to $169.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $169.35 to $170.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $170.35 to $171.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $171.35 to $172.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $172.35 to $173.345. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.
F21 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $173.35 to $173.54. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $153.42 to $153.49. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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 $156.71 to $157.70. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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 $157.71 to $157.77. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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 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.
F26 The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F27 These securities are RSUs granted pursuant to the Issuer's 2020 Executive Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.

Remarks:

Officer title: Chief Executive Officer. 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 25, 2025, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).