0001321655-23-000096.txt : 20230822
0001321655-23-000096.hdr.sgml : 20230822
20230822211356
ACCESSION NUMBER: 0001321655-23-000096
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230820
FILED AS OF DATE: 20230822
DATE AS OF CHANGE: 20230822
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cohen Stephen Andrew
CENTRAL INDEX KEY: 0001823920
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39540
FILM NUMBER: 231194982
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_1692753228.xml
FORM 4
X0508
4
2023-08-20
0
0001321655
Palantir Technologies Inc.
PLTR
0001823920
Cohen Stephen Andrew
C/O PALANTIR TECHNOLOGIES INC.
1200 17TH STREET, FLOOR 15
DENVER
CO
80202
1
1
0
0
See Remarks
0
Class A Common Stock
2023-08-21
4
C
0
196888
A
197480
D
Class A Common Stock
2023-08-21
4
S
0
196888
14.5476
D
592
D
Class A Common Stock
2023-08-22
4
C
0
150145
A
150737
D
Class A Common Stock
2023-08-22
4
S
0
150145
14.8054
D
592
D
Restricted Stock Units
2023-08-20
4
M
0
675000
0
D
2026-05-20
Class B Common Stock
675000
7425000
D
Class B Common Stock
2023-08-20
4
M
0
675000
0
A
Class A Common Stock
675000
13220327
D
Class B Common Stock
2023-08-21
4
C
0
196888
0
D
Class A Common Stock
196888
13023439
D
Class B Common Stock
2023-08-22
4
C
0
150145
0
D
Class A Common Stock
150145
12873294
D
This transaction is part of a related series of transactions. The Reporting Person acquired rights to 675,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on August 20, 2023, converted 196,888 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 21, 2023 and then converted 150,145 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on August 22, 2023. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 20, 2023.
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 $14.40 to $14.76. 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 $14.63 to $15.12. 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.
Officer title: President and Secretary. 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
2023-08-22