Palantir Technologies Inc. — Director's Dealing 2025

Aug 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2025-08-20

Reporting Person: Sankar Shyam (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-20	Class A Common Stock	C	93092	—	Acquired	795878	Direct
2025-08-20	Class A Common Stock	S	3142	$143.123	Disposed	792736	Direct
2025-08-20	Class A Common Stock	S	2631	$143.8084	Disposed	790105	Direct
2025-08-20	Class A Common Stock	S	2643	$144.8738	Disposed	787462	Direct
2025-08-20	Class A Common Stock	S	7340	$146.0497	Disposed	780122	Direct
2025-08-20	Class A Common Stock	S	3979	$146.926	Disposed	776143	Direct
2025-08-20	Class A Common Stock	S	2406	$148.0661	Disposed	773737	Direct
2025-08-20	Class A Common Stock	S	6031	$149.0415	Disposed	767706	Direct
2025-08-20	Class A Common Stock	S	6712	$149.9274	Disposed	760994	Direct
2025-08-20	Class A Common Stock	S	1929	$151.0535	Disposed	759065	Direct
2025-08-20	Class A Common Stock	S	5362	$152.0545	Disposed	753703	Direct
2025-08-20	Class A Common Stock	S	12611	$153.1201	Disposed	741092	Direct
2025-08-20	Class A Common Stock	S	21121	$154.1581	Disposed	719971	Direct
2025-08-20	Class A Common Stock	S	11853	$154.8895	Disposed	708118	Direct
2025-08-20	Class A Common Stock	S	5332	$156.1132	Disposed	702786	Direct
2025-08-21	Class A Common Stock	C	77769	—	Acquired	780555	Direct
2025-08-21	Class A Common Stock	S	4015	$154.5119	Disposed	776540	Direct
2025-08-21	Class A Common Stock	S	40216	$155.5261	Disposed	736324	Direct
2025-08-21	Class A Common Stock	S	32763	$156.1518	Disposed	703561	Direct
2025-08-21	Class A Common Stock	S	775	$157.175	Disposed	702786	Direct
2025-08-22	Class A Common Stock	C	30000	—	Acquired	732786	Direct
2025-08-22	Class A Common Stock	S	2137	$154.756	Disposed	730649	Direct
2025-08-22	Class A Common Stock	S	3275	$157.717	Disposed	727374	Direct
2025-08-22	Class A Common Stock	S	6773	$158.8415	Disposed	720601	Direct
2025-08-22	Class A Common Stock	S	4526	$159.7436	Disposed	716075	Direct
2025-08-22	Class A Common Stock	S	8764	$160.6094	Disposed	707311	Direct
2025-08-22	Class A Common Stock	S	2779	$161.5627	Disposed	704532	Direct
2025-08-22	Class A Common Stock	S	1746	$162.5565	Disposed	702786	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-20	Restricted Stock Units	$	M	375000	Disposed	2026-05-20	Class B Common Stock (375000)	Direct
2025-08-20	Class B Common Stock	$	M	375000	Acquired		Class A Common Stock (375000)	Direct
2025-08-20	Class B Common Stock	$	C	93092	Disposed		Class A Common Stock (93092)	Direct
2025-08-21	Class B Common Stock	$	C	77769	Disposed		Class A Common Stock (77769)	Direct
2025-08-22	Class B Common Stock	$	C	30000	Disposed		Class A Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	749899	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 August 20, 2025, converted 93,092 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 20, 2025 and then converted 77,769 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, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on August 20, 2025 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 $142.46 to $143.44. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $143.46 to $144.2206. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $144.4667 to $145.43. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $145.49 to $146.4881. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $146.49 to $147.47. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $147.52 to $148.49. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $148.52 to $149.51. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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.

F10: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $149.52 to $150.51. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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.

F11: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $150.54 to $151.5232. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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.

F12: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $151.55 to $152.52. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $152.58 to $153.5752. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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 $153.58 to $154.5799. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $154.58 to $155.57. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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.

F16: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $155.58 to $156.36. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (16) for sales executed in 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.

F17: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $153.90 to $154.88. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (17) through (20) for sales executed in 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.

F18: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $154.90 to $155.89. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (17) through (20) for sales executed in 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.

F19: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $155.90 to $156.86. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (17) through (20) for sales executed in 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.

F20: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $156.92 to $157.56. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (17) through (20) for sales executed in 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.

F21: This transaction is part of a related series of transactions undertaken on August 22, 2025 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on March 11, 2025. The Reporting Person converted 30,000 shares of Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock in the open market.

F22: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $154.425 to $155.145. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F23: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $157.20 to $158.17. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F24: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $158.21 to $159.165. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F25: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $159.24 to $160.225. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F26: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $160.245 to $161.155. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F27: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $161.27 to $161.85. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F28: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $162.35 to $162.98. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (28) for sales executed in 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.

F29: 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.

F30: 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.

F31: The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.