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Palantir Technologies Inc. — Director's Dealing 2020
Sep 23, 2020
29752_dirs_2020-09-22_bf25e1d2-7f4a-46bd-b2f9-fea8aa6a2f3a.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2020-09-22
Reporting Person: Karp Alexander C. (Director, Chief Executive Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 20525616 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (12869890) | Direct | ||
| Class F Common Stock | $ | Class B Common Stock (335000) | Indirect | ||
| Employee Stock Option (Right to buy) | $0.103 | 2021-12-03 | Class B Common Stock (60897579) | Direct | |
| Employee Stock Option (Right to buy) | $0.85 | 2021-12-03 | Class B Common Stock (8000000) | Direct | |
| Employee Stock Option (Right to buy) | $11.38 | 2032-08-20 | Class B Common Stock (141000000) | Direct |
Footnotes
F1: 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.
F2: The Class F Common Stock is convertible into the Issuer's Class B Common Stock on a 1-for-1 basis and has no expiration date. 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: These shares are held of record by the voting trust established pursuant to the Voting Trust Agreement entered into among Stephen Cohen, Peter Thiel, the Reporting Person and Wilmington Trust, National Association (the "Voting Trust"). The Reporting Person is a beneficiary of the Voting Trust and may be deemed to have beneficial ownership with respect to 335,000 shares of Class F Common Stock held in the Voting Trust.
F4: 1/120th of the shares subject to the option vested on July 3, 2011, and 1/120th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
F5: 1/40th of the shares subject to the option shall vest on August 20, 2021 and each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.