0001321655-23-000018.txt : 20230223 0001321655-23-000018.hdr.sgml : 20230223 20230223215404 ACCESSION NUMBER: 0001321655-23-000018 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230221 FILED AS OF DATE: 20230223 DATE AS OF CHANGE: 20230223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sankar Shyam CENTRAL INDEX KEY: 0001824159 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39540 FILM NUMBER: 23662188 MAIL ADDRESS: STREET 1: C/O PALANTIR TECHNOLOGIES INC. STREET 2: 1200 17TH STREET, FLOOR 15 CITY: DENVER STATE: CO ZIP: 80202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Palantir Technologies Inc. CENTRAL INDEX KEY: 0001321655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 680551851 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1200 17TH STREET STREET 2: FLOOR 15 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 720-358-3679 MAIL ADDRESS: STREET 1: 1200 17TH STREET STREET 2: FLOOR 15 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Palantir Technologies Inc DATE OF NAME CHANGE: 20050324 4 1 wf-form4_167720722129522.xml FORM 4 X0306 4 2023-02-21 0 0001321655 Palantir Technologies Inc. PLTR 0001824159 Sankar Shyam C/O PALANTIR TECHNOLOGIES INC. 1200 17TH STREET, FLOOR 15 DENVER CO 80202 0 1 0 0 See Remarks Class A Common Stock 2023-02-21 4 C 0 56181 A 1911193 D Class A Common Stock 2023-02-21 4 S 0 87926 8.5508 D 1823267 D Class A Common Stock 2023-02-22 4 C 0 58043 A 1881310 D Class A Common Stock 2023-02-22 4 S 0 90840 8.3473 D 1790470 D Class A Common Stock 2023-02-23 4 C 0 69455 A 1859925 D Class A Common Stock 2023-02-23 4 S 0 108701 8.1255 D 1751224 D Class A Common Stock 749899 I See Footnote Class B Common Stock 2023-02-21 4 C 0 56181 0 D Class A Common Stock 56181.0 1209076 D Class B Common Stock 2023-02-22 4 C 0 58043 0 D Class A Common Stock 58043.0 1151033 D Class B Common Stock 2023-02-23 4 C 0 69455 0 D Class A Common Stock 69455.0 1081578 D 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, 2023, converted 56,181 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, 2023 along with 31,745 additional shares of Class A Common Stock acquired upon incremental vesting of previously granted RSUs, converted 58,043 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 22, 2023 along with 32,797 additional shares of Class A Common Stock acquired upon incremental vesting of previously granted RSUs (continued in footnote 2) (continuation from footnote 1) and then converted 69,455 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 23, 2023 along with 39,246 additional shares of Class A Common Stock acquired upon incremental vesting of previously granted RSUs. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2023 and 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 $8.43 to $9.08. 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $8.17 to $8.62. 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $7.92 to $8.46. 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, 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. Officer title: Chief Technology Officer and Executive Vice President /s/ Justin V. Laubach, under power of attorney 2023-02-23