0001321655-23-000051.txt : 20230523
0001321655-23-000051.hdr.sgml : 20230523
20230523203541
ACCESSION NUMBER: 0001321655-23-000051
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230520
FILED AS OF DATE: 20230523
DATE AS OF CHANGE: 20230523
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Karp Alexander C.
CENTRAL INDEX KEY: 0001823951
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39540
FILM NUMBER: 23950359
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_168488852629501.xml
FORM 4
X0407
4
2023-05-20
0
0001321655
Palantir Technologies Inc.
PLTR
0001823951
Karp Alexander C.
C/O PALANTIR TECHNOLOGIES INC.
1200 17TH STREET, FLOOR 15
DENVER
CO
80202
1
1
0
0
See Remarks
0
Class A Common Stock
2023-05-22
4
C
0
408862
A
6841120
D
Class A Common Stock
2023-05-22
4
S
0
408862
11.7643
D
6432258
D
Restricted Stock Units
2023-05-20
4
M
0
877500
0
D
2031-05-20
Class B Common Stock
877500.0
28080000
D
Class B Common Stock
2023-05-20
4
M
0
877500
0
A
Class A Common Stock
877500.0
49671795
D
Restricted Stock Units
2023-05-20
4
M
0
97500
0
D
2031-05-20
Class B Common Stock
97500.0
3120000
D
Class B Common Stock
2023-05-20
4
M
0
97500
0
A
Class A Common Stock
97500.0
49769295
D
Class B Common Stock
2023-05-22
4
C
0
408862
0
D
Class A Common Stock
408862.0
49360433
D
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 May 20, 2023, converted 408,862 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on May 22, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2023 and were conducted in compliance with the Reporting Person's 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 $11.40 to $12.10. 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 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.
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.
Officer title: Chief Executive Officer
/s/ Justin V. Laubach, under power of attorney
2023-05-23