Shyam Sankar - May 20, 2021 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Signature
/s/ Justin V. Laubach, under power of attorney
Stock symbol
PLTR
Transactions as of
May 20, 2021
Transactions value $
-$3,060,898
Form type
4
Date filed
5/24/2021, 09:07 PM
Previous filing
May 17, 2021
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLTR Class A Common Stock Sale -$2.01M -98.1K -3.4% $20.51 2.78M May 20, 2021 Direct F1, F2
transaction PLTR Class A Common Stock Sale -$1.05M -50K -1.8% $21.00 2.73M May 24, 2021 Direct F3, F4
holding PLTR Class A Common Stock 850K May 20, 2021 See Footnote F5
holding PLTR Class A Common Stock 225K May 20, 2021 See Footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents an automatic sale of shares to cover required tax withholding obligations in connection with the vesting of restricted stock units. All sales were conducted in compliance with the Reporting Person's preexisting Rule 10b5-1 trading plan.
F2 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.28 to $20.81. 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.
F3 The Reporting Person sold shares of Class A Common Stock in the open market pursuant to a pre-existing Rule 10b5-1 trading plan.
F4 This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $20.705 to $21.385. 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.
F5 These shares are held of record by Shyam Sankar, Trustee of The Shyam Sankar 2020 Annuity Trust u/a/d 7/14/2020 (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.
F6 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