Palantir Technologies Inc. — Director's Dealing 2026

Feb 25, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palantir Technologies Inc. (PLTR)
CIK: 0001321655
Period of Report: 2026-02-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-20	Class A Common Stock	C	403025	—	Acquired	6835283	Direct
2026-02-20	Class A Common Stock	S	39893	$132.0346	Disposed	6795390	Direct
2026-02-20	Class A Common Stock	S	124338	$132.862	Disposed	6671052	Direct
2026-02-20	Class A Common Stock	S	104796	$133.7565	Disposed	6566256	Direct
2026-02-20	Class A Common Stock	S	110800	$134.8296	Disposed	6455456	Direct
2026-02-20	Class A Common Stock	S	23198	$135.7252	Disposed	6432258	Direct
2026-02-20	Class A Common Stock	C	90000	—	Acquired	6522258	Direct
2026-02-20	Class A Common Stock	S	6180	$132.0131	Disposed	6516078	Direct
2026-02-20	Class A Common Stock	S	20259	$132.8166	Disposed	6495819	Direct
2026-02-20	Class A Common Stock	S	19309	$133.7332	Disposed	6476510	Direct
2026-02-20	Class A Common Stock	S	35656	$134.8733	Disposed	6440854	Direct
2026-02-20	Class A Common Stock	S	8596	$135.6733	Disposed	6432258	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-20	Restricted Stock Units	$	M	877500	Disposed	2031-05-20	Class B Common Stock (877500)	Direct
2026-02-20	Class B Common Stock	$	M	877500	Acquired		Class A Common Stock (877500)	Direct
2026-02-20	Restricted Stock Units	$	M	97500	Disposed	2031-05-20	Class B Common Stock (97500)	Direct
2026-02-20	Class B Common Stock	$	M	97500	Acquired		Class A Common Stock (97500)	Direct
2026-02-20	Class B Common Stock	$	C	403025	Disposed		Class A Common Stock (403025)	Direct
2026-02-20	Class B Common Stock	$	C	90000	Disposed		Class A Common Stock (90000)	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 February 20, 2026, converted 403,025 shares of the Class B Common Stock to Class A Common Stock and immediately sold the resulting shares of Class A Common Stock on February 20, 2026. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on February 20, 2026 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 $131.34 to $132.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) 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 $132.34 to $133.3361. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) 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 $133.34 to $134.3303. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) 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 $134.34 to $135.33. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) 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 $135.34 to $136.14. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (7) 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 is part of a related series of transactions undertaken on February 20, 2026 pursuant to a preexisting Rule 10b5-1 trading plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), entered into on November 21, 2025. The Reporting Person converted 90,000 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.

F9: This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $131.30 to $132.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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 $132.30 to $133.28. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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 $133.30 to $134.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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 $134.30 to $135.29. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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 $135.30 to $136.13. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (9) through (13) 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: 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.

F15: The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

F16: 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.