Palantir Technologies Inc. — Director's Dealing 2022

May 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2022-05-20

Reporting Person: Sankar Shyam (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-20	Class A Common Stock	C	100385	—	Acquired	2231830	Direct
2022-05-20	Class A Common Stock	S	157267	$8.0865	Disposed	2074563	Direct
2022-05-23	Class A Common Stock	C	46762	—	Acquired	2121325	Direct
2022-05-23	Class A Common Stock	S	73260	$8.0334	Disposed	2048065	Direct
2022-05-24	Class A Common Stock	C	27998	—	Acquired	2076063	Direct
2022-05-24	Class A Common Stock	S	43863	$7.5431	Disposed	2032200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-20	Restricted Stock Units	$	M	375000	Disposed	2026-05-20	Class B Common Stock (375000)	Direct
2022-05-20	Class B Common Stock	$	M	375000	Acquired		Class A Common Stock (375000)	Direct
2022-05-20	Class B Common Stock	$	C	100385	Disposed		Class A Common Stock (100385)	Direct
2022-05-23	Class B Common Stock	$	C	46762	Disposed		Class A Common Stock (46762)	Direct
2022-05-24	Class B Common Stock	$	C	27998	Disposed		Class A Common Stock (27998)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	761111	Indirect
Class A Common Stock	225048	Indirect

Footnotes

F1: 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 May 20, 2022, converted 100,385 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 20, 2022 along with 56,882 additional shares of Class A Common Stock acquired upon incremental vesting of previously granted RSUs, converted 46,762 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 23, 2022 along with 26,498 additional shares of Class A Common Stock acquired upon incremental vesting of previously granted RSUs (continued in footnote 2)

F2: (continuation from footnote 1) and then converted 27,998 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 24, 2022 along with 15,865 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 May 20, 2022 and were conducted in compliance with the Reporting Person's preexisting Rule 10b5-1 trading plan.

F3: 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.

F4: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $7.72 to $8.39. 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.

F5: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $8.00 to $8.16. 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.

F6: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $7.38 to $7.71. 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.

F7: These shares are held of record by Shyam Sankar, Trustee of The Shyam Sankar 2020 Annuity Trust u/a/d 7/14/2020 (the "Annuity 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 Annuity Trust, except to the extent of his pecuniary interest therein.

F8: 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.

F9: 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.

F10: The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.