AI assistant
Palantir Technologies Inc. — Director's Dealing 2024
Nov 23, 2024
29752_dirs_2024-11-22_7c39e2bb-f6b1-4df4-9e19-cff58d5ee6cd.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2024-11-20
Reporting Person: Karp Alexander C. (Director, See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-20 | Class A Common Stock | C | 266563 | — | Acquired | 6698821 | Direct |
| 2024-11-20 | Class A Common Stock | S | 52512 | $60.6791 | Disposed | 6646309 | Direct |
| 2024-11-20 | Class A Common Stock | S | 132838 | $61.6078 | Disposed | 6513471 | Direct |
| 2024-11-20 | Class A Common Stock | S | 81213 | $62.2098 | Disposed | 6432258 | Direct |
| 2024-11-21 | Class A Common Stock | C | 138130 | — | Acquired | 6570388 | Direct |
| 2024-11-21 | Class A Common Stock | S | 56343 | $61.2895 | Disposed | 6514045 | Direct |
| 2024-11-21 | Class A Common Stock | S | 80728 | $62.7624 | Disposed | 6433317 | Direct |
| 2024-11-21 | Class A Common Stock | S | 1059 | $63.0749 | Disposed | 6432258 | Direct |
| 2024-11-21 | Class A Common Stock | C | 482241 | — | Acquired | 6914499 | Direct |
| 2024-11-21 | Class A Common Stock | S | 482241 | $63.092 | Disposed | 6432258 | Direct |
| 2024-11-22 | Class A Common Stock | C | 1620395 | — | Acquired | 8052653 | Direct |
| 2024-11-22 | Class A Common Stock | S | 112755 | $62.1268 | Disposed | 7939898 | Direct |
| 2024-11-22 | Class A Common Stock | S | 1203304 | $63.1165 | Disposed | 6736594 | Direct |
| 2024-11-22 | Class A Common Stock | S | 304336 | $63.9827 | Disposed | 6432258 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-20 | Restricted Stock Units | $ | M | 877500 | Disposed | 2031-05-20 | Class B Common Stock (877500) | Direct |
| 2024-11-20 | Class B Common Stock | $ | M | 877500 | Acquired | Class A Common Stock (877500) | Direct | |
| 2024-11-20 | Restricted Stock Units | $ | M | 97500 | Disposed | 2031-05-20 | Class B Common Stock (97500) | Direct |
| 2024-11-20 | Class B Common Stock | $ | M | 97500 | Acquired | Class A Common Stock (97500) | Direct | |
| 2024-11-20 | Class B Common Stock | $ | C | 266563 | Disposed | Class A Common Stock (266563) | Direct | |
| 2024-11-21 | Class B Common Stock | $ | C | 138130 | Disposed | Class A Common Stock (138130) | Direct | |
| 2024-11-21 | Employee Stock Option (Right to buy) | $11.38 | M | 482241 | Disposed | 2032-08-20 | Class B Common Stock (482241) | Direct |
| 2024-11-21 | Class B Common Stock | $11.38 | M | 482241 | Acquired | Class A Common Stock (482241) | Direct | |
| 2024-11-21 | Class B Common Stock | $ | C | 482241 | Disposed | Class A Common Stock (482241) | Direct | |
| 2024-11-22 | Employee Stock Option (Right to buy) | $11.38 | M | 1050088 | Disposed | 2032-08-20 | Class B Common Stock (1050088) | Direct |
| 2024-11-22 | Class B Common Stock | $11.38 | M | 1050088 | Acquired | Class A Common Stock (1050088) | Direct | |
| 2024-11-22 | Class B Common Stock | $ | C | 1620395 | Disposed | Class A Common Stock (1620395) | Direct |
Footnotes
F1: 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 November 20, 2024, converted 266,563 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 20, 2024 and then converted 138,130 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on November 21, 2024. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on November 20, 2024 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
F2: 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: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $60.0443 to $61.0402. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (4) and (5) for sales executed in other price ranges on the date indicated. 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.
F4: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $61.045 to $62.0442. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) and (5) for sales executed in other price ranges on the date indicated. 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 $62.045 to $63.00. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) and (4) for sales executed in other price ranges on the date indicated. 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 $60.92 to $61.91. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (7) and (8) for sales executed in other price ranges on the date indicated. 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: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $61.93 to $62.92. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (6) and (8) for sales executed in other price ranges on the date indicated. 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.
F8: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $62.93 to $63.38. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (6) and (7) for sales executed in other price ranges on the date indicated. 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.
F9: This transaction is part of a related series of transactions undertaken on November 21, 2024 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on December 12, 2023. The Reporting Person exercised 482,241 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.
F10: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $63.00 to $63.35. 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.
F11: This transaction is part of a related series of transactions undertaken on November 22, 2024 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on December 12, 2023. The Reporting Person exercised 1,050,088 vested Class B Common Stock options, converted the resulting shares of Class B Common Stock, along with 570,307 additional shares of Class B Common Stock, all into Class A Common Stock, and immediately sold the total 1,620,395 shares of Class A Common Stock in the open market.
F12: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $61.68 to $62.67. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (13) and (14) for sales executed in other price ranges on the date indicated. 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.
F13: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $62.68 to $63.675. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (12) and (14) for sales executed in other price ranges on the date indicated. 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.
F14: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $63.68 to $64.43. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (12) and (13) for sales executed in other price ranges on the date indicated. 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.
F15: 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.
F16: The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
F17: 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.
F18: The options exercised in this transaction were fully vested and exercisable as of the transaction date.