PETER THIEL - 14 Nov 2023 Form 4 Insider Report for Palantir Technologies Inc. (PLTR)

Role
Director
Signature
/s/ Justin V. Laubach, under power of attorney
Issuer symbol
PLTR
Transactions as of
14 Nov 2023
Net transactions value
$0
Form type
4
Filing time
16 Nov 2023, 18:18:58 UTC
Previous filing
17 May 2022
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLTR Class A Common Stock Conversion of derivative security $0 +3,330,804 $0.000000* 0 14 Nov 2023 See Footnote F1, F2, F3, F4
holding PLTR Class A Common Stock 20,823,993 14 Nov 2023 See Footnote F3, F5
holding PLTR Class A Common Stock 77,851,188 14 Nov 2023 See Footnote F6, F7
holding PLTR Class A Common Stock 53,487 14 Nov 2023 See Footnote F6, F8
holding PLTR Class A Common Stock 20,733,625 14 Nov 2023 See Footnote F3, F6, F9
holding PLTR Class A Common Stock 0 14 Nov 2023 Direct F3, F6
holding PLTR Class A Common Stock 0 14 Nov 2023 See Footnote F3, F6, F10
holding PLTR Class A Common Stock 0 14 Nov 2023 See Footnote F3, F6, F11
holding PLTR Class A Common Stock 0 14 Nov 2023 See Footnote F3, F6, F12

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLTR Class B Common Stock Conversion of derivative security $0 -3,330,804 -100% $0.000000* 0 14 Nov 2023 Class A Common Stock 3,330,804 See Footnote F1, F2, F4
holding PLTR Class B Common Stock 2,962,961 14 Nov 2023 Class A Common Stock 2,962,961 See Footnote F2, F6, F8
holding PLTR Class B Common Stock 26,165,483 14 Nov 2023 Class A Common Stock 26,165,483 See Footnote F2, F3, F6, F9
holding PLTR Class B Common Stock 0 14 Nov 2023 Class A Common Stock 0 Direct F2, F3, F6
holding PLTR Class B Common Stock 0 14 Nov 2023 Class A Common Stock 0 See Footnote F2, F3, F6, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction represents the conversion of Class B Common Stock into Class A Common Stock effected in compliance with a preexisting Rule 10b5-1 plan adopted by the holder on August 15, 2023.
F2 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.
F3 Share numbers have been adjusted to reflect changes in form of beneficial ownership for no consideration in transfers exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F4 These shares are held of record by Mithril PAL-SPV 1, LLC ("Mithril"). The Reporting Person is the Chairman of the Investment Committee of Mithril GP LP, the General Partner of Mithril LP, which, in turn, owns Mithril. The Reporting Person may be deemed to have beneficial ownership over the securities held by Mithril. The Reporting Person disclaims beneficial ownership of the shares held by Mithril except to the extent of his pecuniary interest therein. The Reporting Person has no pecuniary interest in any securities of the Issuer held by Mithril GP LP.
F5 These shares are held of record by PLTR Holdings LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by PLTR Holdings LLC.
F6 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.
F7 These shares are held of record by Rivendell 7 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 7 LLC.
F8 These shares are held of record by Rivendell 25 LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by Rivendell 25 LLC.
F9 These shares are held of record by STS Holdings II LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by STS Holdings II LLC.
F10 These shares are held of record by FF4 Investment LLC, of which the Reporting Person is the sole beneficial owner. The Reporting Person has beneficial ownership over the securities held by FF4 Investment LLC.
F11 These shares are held of record by PT Ventures, LLC ("PTV"), of which the Reporting Person is the Managing Member. The Reporting Person has beneficial ownership over the securities held by PTV.
F12 These shares are held of record by Thiel Capital LLC, of which the Reporting Person is the Manager. The Reporting Person has beneficial ownership over the securities held by Thiel Capital LLC.