Live Feed

Feed to the latest filings at the SEC

 

Palantir Technologies Inc.

Date Filed : Nov 24, 2021

SEC FORM 4SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Sankar Shyam

(Last)(First)(Middle)
C/O PALANTIR TECHNOLOGIES INC.
1555 BLAKE STREET, SUITE 250

(Street)
DENVERCO80202

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
Palantir Technologies Inc. [ PLTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
11/22/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock11/22/2021C(1)171,518A(2)2,609,929(3)D
Class A Common Stock11/22/2021S(1)194,003D$20.7503(4)2,415,926D
Class A Common Stock11/22/2021S(1)3,822D$21.4476(5)2,412,104D
Class A Common Stock11/23/2021S(1)69,894D$20.3639(6)2,342,210D
Class A Common Stock11/24/2021C(7)203,482A(2)2,545,692D
Class A Common Stock11/24/2021S(7)317,611D$21.0253(8)2,228,081D
Class A Common Stock761,111(3)ISee Footnote(9)
Class A Common Stock225,048ISee Footnote(10)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(2)(2)11/22/2021C(1)171,518 (2) (2)Class A Common Stock171,518$0.00203,482D
Class B Common Stock(2)(2)11/24/2021C(7)203,482 (2) (2)Class A Common Stock203,482$0.000D
Explanation of Responses:
1. This transaction is part of a related series of transactions. The Reporting Person converted 171,518 shares of Class B Common Stock to Class A Common Stock on November 22, 2021. The resulting shares of Class A Common Stock, along with 96,201 additional shares of Class A Common Stock, were sold as follows: 197,825 shares on November 22, 2021 and 69,894 shares on November 23, 2021. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting of restricted stock units on November 20, 2021 and were conducted in compliance with the Reporting Person's preexisting Rule 10b5-1 trading plan.
2. 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.
3. On August 26, 2021, 88,889 shares of Class A Common Stock were transferred from Shyam Sankar, Trustee of The Shyam Sankar 2020 Annuity Trust u/a/d 7/14/2020 (the "Annuity Trust"), to the Reporting Person. The number of shares beneficially owned reflects such transfer.
4. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.19 to $21.185. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (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.
5. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $21.19 to $21.52. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnote (4) 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.
6. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.06 to $21.03. 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.
7. This transaction is part of a related series of transactions. The Reporting Person converted 203,482 shares of Class B Common Stock to Class A Common Stock. The resulting shares of Class A Common Stock, along with 114,129 additional shares of Class A Common Stock, were sold in the open market pursuant to a pre-existing Rule 10b5-1 trading plan.
8. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.795 to $21.12. 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.
9. These shares are held of record by the Annuity 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 Annuity Trust, except to the extent of his pecuniary interest therein.
10. 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.
Remarks:
Officer title: Chief Operating Officer and Executive Vice President
/s/ Justin V. Laubach, under power of attorney11/24/2021
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Stock View