0001321655-23-000084.txt : 20230803 0001321655-23-000084.hdr.sgml : 20230803 20230803205237 ACCESSION NUMBER: 0001321655-23-000084 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230801 FILED AS OF DATE: 20230803 DATE AS OF CHANGE: 20230803 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: 231141908 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 wk-form4_1691110346.xml FORM 4 X0508 4 2023-08-01 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 1 Class A Common Stock 2023-08-01 4 C 0 1967500 A 3280946 D Class A Common Stock 2023-08-01 4 S 0 1967500 20.002 D 1313446 D Class A Common Stock 749899 I See Footnote Employee Stock Option (Right to buy) 4.72 2023-08-01 4 M 0 1967500 0 D 2030-06-03 Class B Common Stock 1967500 1967500 D Class B Common Stock 4.72 2023-08-01 4 M 0 1967500 0 A Class A Common Stock 1967500 2460813 D Class B Common Stock 2023-08-01 4 C 0 1967500 0 D Class A Common Stock 1967500 493313 D Employee Stock Option (Right to buy) 4.72 2023-08-03 4 M 0 1430212 0 D 2030-06-03 Class B Common Stock 1430212 537288 D Class B Common Stock 4.72 2023-08-03 4 M 0 1430212 0 A Class A Common Stock 1430212 1923525 D This transaction is part of a related series of transactions undertaken on August 1, 2023 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into (or most recently amended or modified, as applicable) on June 7, 2022, prior to the effectiveness of the revised requirements of Rule 10b5-1(c). The Reporting Person exercised 1,967,500 vested Class B Common Stock options, converted the resulting shares of Class B Common Stock to Class A Common Stock, and immediately sold the shares of Class A Common Stock in the open market. 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 $20 to $20.07. 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. The options exercised in this transaction were fully vested and exercisable as of the transaction date. The indicated transactions are related and were undertaken in compliance with the preexisting Rule 10b5-1 trading plan noted in footnote (1) above. The Reporting Person exercised vested Class B Common Stock options, resulting in a decrease in the number of outstanding options held and increase in the number of shares of Class B Common Stock held. 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, 2023, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein). /s/ Justin V. Laubach, under power of attorney 2023-08-03