Statement of Changes in Beneficial Ownership (4)
November 23 2022 - 06:50PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 * Cohen
Stephen Andrew |
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., 1200 17TH STREET, FLOOR
15 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/21/2022
|
(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 |
Class A Common Stock |
11/21/2022 |
|
C(1) |
|
139580 |
A |
(2) |
140172 |
D |
|
Class A Common Stock |
11/21/2022 |
|
S(1) |
|
139580 |
D |
$7.1705 (3) |
592 |
D |
|
Class A Common Stock |
11/22/2022 |
|
C(1) |
|
139580 |
A |
(2) |
140172 |
D |
|
Class A Common Stock |
11/22/2022 |
|
S(1) |
|
139580 |
D |
$7.1767 (4) |
592 |
D |
|
Class A Common Stock |
11/23/2022 |
|
C(1) |
|
79761 |
A |
(2) |
80353 |
D |
|
Class A Common Stock |
11/23/2022 |
|
S(1) |
|
79761 |
D |
$7.2463 (5) |
592 |
D |
|
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 |
Class B Common Stock (2) |
(2) |
11/21/2022 |
|
C (1) |
|
|
139580 |
(2) |
(2) |
Class A Common Stock |
139580.0 |
$0 |
12135383 |
D |
|
Class B Common Stock (2) |
(2) |
11/22/2022 |
|
C (1) |
|
|
139580 |
(2) |
(2) |
Class A Common Stock |
139580.0 |
$0 |
11995803 |
D |
|
Class B Common Stock (2) |
(2) |
11/23/2022 |
|
C (1) |
|
|
79761 |
(2) |
(2) |
Class A Common Stock |
79761.0 |
$0 |
11916042 |
D |
|
Explanation of
Responses: |
(1) |
This transaction is part of
a related series of transactions. The Reporting Person acquired
rights to 675,000 shares of Class B Common Stock upon incremental
vesting of previously granted restricted stock units ("RSUs") on
November 20, 2022, converted 139,580 shares of the Class B Common
Stock to Class A Common Stock and immediately sold the resulting
shares of Class A Common Stock on November 21, 2022, converted
139,580 shares of the Class B Common Stock to Class A Common Stock
and immediately sold the resulting shares of Class A Common Stock
on November 22, 2022 and then converted 79,761 shares of the Class
B Common Stock to Class A Common Stock and immediately sold the
resulting shares of Class A Common Stock on November 23, 2022. All
sales were automatic sales of shares to cover required tax
withholding obligations in connection with the vesting event on
November 20, 2022 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) |
This transaction represents
sales executed in multiple open market sales. The sales reflected
in this line item were made at prices ranging from $7.10 to $7.30.
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. |
(4) |
This transaction represents
sales executed in multiple open market sales. The sales reflected
in this line item were made at prices ranging from $7.05 to $7.24.
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. |
(5) |
This transaction represents
sales executed in multiple open market sales. The sales reflected
in this line item were made at prices ranging from $7.12 to $7.35.
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. |
Remarks:
Officer title: President and Secretary |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Cohen Stephen Andrew
C/O PALANTIR TECHNOLOGIES INC.
1200 17TH STREET, FLOOR 15
DENVER, CO 80202 |
X |
|
See Remarks |
|
Signatures
|
/s/ Justin V. Laubach, under power of
attorney |
|
11/23/2022 |
**Signature of
Reporting Person |
Date |
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 control number. |
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