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Palantir Technologies Inc. — Director's Dealing 2024
Oct 30, 2024
29752_dirs_2024-10-29_7304bf9c-49a7-4580-a731-4e3e0bb7fa1c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2024-10-25
Reporting Person: Karp Alexander C. (Director, See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-25 | Class A Common Stock | C | 1706841 | — | Acquired | 8139099 | Direct |
| 2024-10-25 | Class A Common Stock | S | 1706841 | $45.0062 | Disposed | 6432258 | Direct |
| 2024-10-28 | Class A Common Stock | C | 3337048 | — | Acquired | 9769306 | Direct |
| 2024-10-28 | Class A Common Stock | S | 3337048 | $45.0168 | Disposed | 6432258 | Direct |
| 2024-10-29 | Class A Common Stock | C | 612404 | — | Acquired | 7044662 | Direct |
| 2024-10-29 | Class A Common Stock | S | 612404 | $45.0177 | Disposed | 6432258 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-25 | Employee Stock Option (Right to buy) | $11.38 | M | 1706841 | Disposed | 2032-08-20 | Class B Common Stock (1706841) | Direct |
| 2024-10-25 | Class B Common Stock | $11.38 | M | 1706841 | Acquired | Class A Common Stock (1706841) | Direct | |
| 2024-10-25 | Class B Common Stock | $ | C | 1706841 | Disposed | Class A Common Stock (1706841) | Direct | |
| 2024-10-28 | Employee Stock Option (Right to buy) | $11.38 | M | 3337048 | Disposed | 2032-08-20 | Class B Common Stock (3337048) | Direct |
| 2024-10-28 | Class B Common Stock | $11.38 | M | 3337048 | Acquired | Class A Common Stock (3337048) | Direct | |
| 2024-10-28 | Class B Common Stock | $ | C | 3337048 | Disposed | Class A Common Stock (3337048) | Direct | |
| 2024-10-29 | Employee Stock Option (Right to buy) | $11.38 | M | 612404 | Disposed | 2032-08-20 | Class B Common Stock (612404) | Direct |
| 2024-10-29 | Class B Common Stock | $11.38 | M | 612404 | Acquired | Class A Common Stock (612404) | Direct | |
| 2024-10-29 | Class B Common Stock | $ | C | 612404 | Disposed | Class A Common Stock (612404) | Direct |
Footnotes
F1: This transaction is part of a related series of transactions undertaken on October 25, 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 1,706,841 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.
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 $45.00 to $45.06. 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.
F4: This transaction is part of a related series of transactions undertaken on October 28, 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 3,337,048 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.
F5: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $45.00 to $45.14. 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 is part of a related series of transactions undertaken on October 29, 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 612,404 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.
F7: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $45.00 to $45.065. 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.
F8: The options exercised in this transaction were fully vested and exercisable as of the transaction date.