0001321655-24-000074.txt : 20240522
0001321655-24-000074.hdr.sgml : 20240522
20240522201315
ACCESSION NUMBER: 0001321655-24-000074
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240520
FILED AS OF DATE: 20240522
DATE AS OF CHANGE: 20240522
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sankar Shyam
CENTRAL INDEX KEY: 0001824159
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39540
FILM NUMBER: 24974976
MAIL ADDRESS:
STREET 1: C/O PALANTIR TECHNOLOGIES INC.
STREET 2: 1200 17TH STREET, FLOOR 15
CITY: DENVER
STATE: CO
ZIP: 80202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Palantir Technologies Inc.
CENTRAL INDEX KEY: 0001321655
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 680551851
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1200 17TH STREET
STREET 2: FLOOR 15
CITY: DENVER
STATE: CO
ZIP: 80202
BUSINESS PHONE: 720-358-3679
MAIL ADDRESS:
STREET 1: 1200 17TH STREET
STREET 2: FLOOR 15
CITY: DENVER
STATE: CO
ZIP: 80202
FORMER COMPANY:
FORMER CONFORMED NAME: Palantir Technologies Inc
DATE OF NAME CHANGE: 20050324
4
1
wk-form4_1716423182.xml
FORM 4
X0508
4
2024-05-20
0
0001321655
Palantir Technologies Inc.
PLTR
0001824159
Sankar Shyam
C/O PALANTIR TECHNOLOGIES INC.
1200 17TH STREET, FLOOR 15
DENVER
CO
80202
0
1
0
0
See Remarks
0
Class A Common Stock
2024-05-20
4
C
0
82619
A
835405
D
Class A Common Stock
2024-05-20
4
S
0
82619
21.4268
D
752786
D
Class A Common Stock
2024-05-21
4
C
0
68212
A
820998
D
Class A Common Stock
2024-05-21
4
S
0
68212
21.2405
D
752786
D
Class A Common Stock
2024-05-22
4
C
0
18162
A
770948
D
Class A Common Stock
2024-05-22
4
S
0
18162
21.2952
D
752786
D
Class A Common Stock
749899
I
See Footnote
Restricted Stock Units
2024-05-20
4
M
0
375000
0
D
2026-05-20
Class B Common Stock
375000
3000000
D
Class B Common Stock
2024-05-20
4
M
0
375000
0
A
Class A Common Stock
375000
2445744
D
Class B Common Stock
2024-05-20
4
C
0
82619
0
D
Class A Common Stock
82619
2363125
D
Class B Common Stock
2024-05-21
4
C
0
68212
0
D
Class A Common Stock
68212
2294913
D
Class B Common Stock
2024-05-22
4
C
0
18162
0
D
Class A Common Stock
18162
2276751
D
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 May 20, 2024, converted 82,619 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, 2024, converted 68,212 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, 2024 and then converted 18,162 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 22, 2024. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on May 20, 2024 and were conducted in compliance with the Reporting Person's Rule 10b5-1 trading plan.
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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.26 to $21.75. 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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.14 to $21.39. 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.
This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.17 to $21.41. 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.
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.
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.
The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.
Officer title: Chief Technology Officer and Executive Vice President. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 26, 2024, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).
/s/ Justin V. Laubach, under power of attorney
2024-05-22