Palantir Technologies Inc. — Director's Dealing 2025

May 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2025-05-20

Reporting Person: Karp Alexander C. (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-20	Class A Common Stock	C	358982	—	Acquired	6791240	Direct
2025-05-20	Class A Common Stock	S	48387	$125.4634	Disposed	6742853	Direct
2025-05-20	Class A Common Stock	S	180000	$126.2403	Disposed	6562853	Direct
2025-05-20	Class A Common Stock	S	129631	$126.9438	Disposed	6433222	Direct
2025-05-20	Class A Common Stock	S	964	$127.7063	Disposed	6432258	Direct
2025-05-21	Class A Common Stock	C	39825	—	Acquired	6472083	Direct
2025-05-21	Class A Common Stock	S	14394	$125.2605	Disposed	6457689	Direct
2025-05-21	Class A Common Stock	S	18391	$126.1762	Disposed	6439298	Direct
2025-05-21	Class A Common Stock	S	7040	$126.8537	Disposed	6432258	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-20	Restricted Stock Units	$	M	877500	Disposed	2031-05-20	Class B Common Stock (877500)	Direct
2025-05-20	Class B Common Stock	$	M	877500	Acquired		Class A Common Stock (877500)	Direct
2025-05-20	Restricted Stock Units	$	M	97500	Disposed	2031-05-20	Class B Common Stock (97500)	Direct
2025-05-20	Class B Common Stock	$	M	97500	Acquired		Class A Common Stock (97500)	Direct
2025-05-20	Class B Common Stock	$	C	358982	Disposed		Class A Common Stock (358982)	Direct
2025-05-21	Class B Common Stock	$	C	39825	Disposed		Class A Common Stock (39825)	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 May 20, 2025, converted 358,982 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, 2025 and then converted 39,825 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 21, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2025.

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 $124.69 to $125.6868. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (4), (5) and (6) 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 $125.69 to $126.685. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (5) and (6) 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 $126.69 to $127.66. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (4) and (6) 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 $127.69 to $127.80. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3), (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.

F7: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $124.64 to $125.6314. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (8) and (9) 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 $125.64 to $126.51. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (7) and (9) 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 represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $126.67 to $127.06. 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.

F10: 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.

F11: The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

F12: 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.