FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Karp Alexander C. 2. Issuer Name and Ticker or Trading Symbol Palantir Technologies Inc. [ PLTR ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
See Remarks
(Last)         (First)         (Middle)
C/O PALANTIR TECHNOLOGIES INC., 1555 BLAKE STREET, SUITE 250
3. Date of Earliest Transaction (MM/DD/YYYY)
10/1/2021
(Street)
DENVER, CO 80202
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to buy)  $0.103  10/1/2021    M (1)       1915887    (2) 12/3/2021  Class B Common Stock (3) 1915887  $0.00  7327072  D   
Class B Common Stock (3) $0.103  10/1/2021    M (1)    1915887       (3)  (3) Class A Common Stock  1915887  $0.00  38309261  D   

Explanation of Responses:
(1)  The indicated transactions are related and were undertaken in compliance with a preexisting Rule 10b5-1 trading plan. The Reporting Person exercised vested Class B Common Stock options that are expiring on December 3, 2021, resulting in a decrease in the number of outstanding options held and an increase in the number of shares of Class B Common Stock held.
(2)  The options exercised in this transaction were fully vested and exercisable as of the transaction date.
(3)  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.

Remarks:
Officer title: Chief Executive Officer

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Karp Alexander C.
C/O PALANTIR TECHNOLOGIES INC.
1555 BLAKE STREET, SUITE 250
DENVER, CO 80202
X
See Remarks

Signatures
/s/ Justin V. Laubach, under power of attorney 10/5/2021
**Signature of Reporting Person Date
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