[Form 4] Palantir Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Palantir Technologies Inc. (PLTR) CEO Form 4 filing details insider equity activity tied to RSU vesting. On November 20, 2025, the reporting person acquired rights to 975,000 shares of Class B Common Stock through incremental vesting of previously granted restricted stock units. On the same day, 359,325 Class B shares were converted into Class A Common Stock and immediately sold in multiple open-market trades, and on November 21, 2025, a further 45,564 Class B shares were converted and sold.

The filing states that all sales were automatic transactions to cover required tax withholding obligations related to the November 20, 2025 vesting event. Following these transactions, the reporting person directly beneficially owned 6,432,258 shares of Class A Common Stock, and continued to hold substantial Class B equity and RSUs, each RSU representing a contingent right to receive one share of Class B Common Stock, which is convertible into Class A Common Stock on a 1-for-1 basis with no expiration date.

SEC Form 4

FORM 4

UNITED 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).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Karp Alexander C.

(Last) (First) (Middle)

C/O PALANTIR TECHNOLOGIES INC.

1200 17TH STREET, FLOOR 15

(Street)

DENVER CO 80202

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/20/2025		C(1)		359,325	A	(2)	6,791,583	D
Class A Common Stock	11/20/2025		S(1)		22,200	D	$155.3089(3)	6,769,383	D
Class A Common Stock	11/20/2025		S(1)		21,338	D	$156.1858(4)	6,748,045	D
Class A Common Stock	11/20/2025		S(1)		44,669	D	$157.251(5)	6,703,376	D
Class A Common Stock	11/20/2025		S(1)		43,582	D	$158.1365(6)	6,659,794	D
Class A Common Stock	11/20/2025		S(1)		20,275	D	$159.0786(7)	6,639,519	D
Class A Common Stock	11/20/2025		S(1)		17,365	D	$160.1615(8)	6,622,154	D
Class A Common Stock	11/20/2025		S(1)		12,867	D	$161.1557(9)	6,609,287	D
Class A Common Stock	11/20/2025		S(1)		2,968	D	$161.8464(10)	6,606,319	D
Class A Common Stock	11/20/2025		S(1)		10,387	D	$163.3663(11)	6,595,932	D
Class A Common Stock	11/20/2025		S(1)		6,228	D	$164.0484(12)	6,589,704	D
Class A Common Stock	11/20/2025		S(1)		4,819	D	$165.945(13)	6,584,885	D
Class A Common Stock	11/20/2025		S(1)		7,857	D	$166.7259(14)	6,577,028	D
Class A Common Stock	11/20/2025		S(1)		6,657	D	$167.933(15)	6,570,371	D
Class A Common Stock	11/20/2025		S(1)		5,454	D	$168.9044(16)	6,564,917	D
Class A Common Stock	11/20/2025		S(1)		10,320	D	$169.9372(17)	6,554,597	D
Class A Common Stock	11/20/2025		S(1)		33,722	D	$170.9118(18)	6,520,875	D
Class A Common Stock	11/20/2025		S(1)		39,589	D	$171.9968(19)	6,481,286	D
Class A Common Stock	11/20/2025		S(1)		44,883	D	$172.7717(20)	6,436,403	D
Class A Common Stock	11/20/2025		S(1)		4,145	D	$173.4115(21)	6,432,258	D
Class A Common Stock	11/21/2025		C(1)		45,564	A	(2)	6,477,822	D
Class A Common Stock	11/21/2025		S(1)		426	D	$153.4295(22)	6,477,396	D
Class A Common Stock	11/21/2025		S(1)		44,593	D	$156.2601(23)	6,432,803	D
Class A Common Stock	11/21/2025		S(1)		545	D	$157.7397(24)	6,432,258	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(25)	11/20/2025		M(1)			877,500	(26)	05/20/2031	Class B Common Stock(2)	877,500	$0	19,305,000	D
Class B Common Stock(2)	(2)	11/20/2025		M(1)		877,500		(2)	(2)	Class A Common Stock	877,500	$0	51,258,407	D
Restricted Stock Units	(27)	11/20/2025		M(1)			97,500	(26)	05/20/2031	Class B Common Stock(2)	97,500	$0	2,145,000	D
Class B Common Stock(2)	(2)	11/20/2025		M(1)		97,500		(2)	(2)	Class A Common Stock	97,500	$0	51,355,907	D
Class B Common Stock(2)	(2)	11/20/2025		C(1)			359,325	(2)	(2)	Class A Common Stock	359,325	$0	50,996,582	D
Class B Common Stock(2)	(2)	11/21/2025		C(1)			45,564	(2)	(2)	Class A Common Stock	45,564	$0	50,951,018	D

Explanation of Responses:

1. This transaction is part of a related series of transactions. The Reporting Person acquired rights to 975,000 shares of Class B Common Stock upon incremental vesting of previously granted restricted stock units ("RSUs") on November 20, 2025, converted 359,325 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 20, 2025 and then converted 45,564 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, 2025. All sales were automatic sales of shares to cover required tax withholding obligations in connection with the vesting event on November 20, 2025.

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 $154.6592 to $155.6561. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

4. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $155.68 to $156.6791. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $156.68 to $157.678. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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 $157.68 to $158.67. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

7. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $158.68 to $159.674. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

8. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $159.68 to $160.6789. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

9. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $160.68 to $161.6741. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

10. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $161.68 to $162.2098. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

11. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $162.7765 to $163.7758. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

12. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $163.78 to $164.65. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

13. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $165.34 to $166.338. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

14. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $166.34 to $167.31. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

15. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $167.35 to $168.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

16. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $168.35 to $169.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

17. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $169.35 to $170.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

18. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $170.35 to $171.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

19. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $171.35 to $172.34. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

20. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $172.35 to $173.345. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

21. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $173.35 to $173.54. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (3) through (21) for sales executed in 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.

22. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $153.42 to $153.49. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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.

23. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $156.71 to $157.70. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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.

24. This transaction represents sales executed in multiple open market sales. The sales reflected in this line item were made at prices ranging from $157.71 to $157.77. The price reported above reflects the weighted average sale price of trades occurring within that price range. See footnotes (22) through (24) for sales executed in 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.

25. These securities are RSUs granted pursuant to the Issuer's Amended 2010 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.

26. The shares acquired from the incremental vesting of RSUs (as described above) were fully vested as of the transaction date.

27. These securities are RSUs granted pursuant to the Issuer's 2020 Executive Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.

Remarks:

Officer title: Chief Executive Officer. This Form 4 has been compiled based on applicable requirements to reflect the specific transactions described herein and is not intended to disclose or describe all shares and/or other equity securities owned or beneficially held by the Reporting Person. For additional details regarding the Reporting Person's overall stock and equity holdings, please see the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 25, 2025, including under the heading "Security Ownership Of Certain Beneficial Owners And Management" (subject to the definitions, explanations, and time periods described therein).

	/s/ Justin V. Laubach, under power of attorney	11/24/2025
	** 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 Number.

FAQ

What insider transaction did Palantir (PLTR) report in this Form 4?

The Form 4 reports that a Palantir director and Chief Executive Officer had restricted stock units (RSUs) vest on November 20, 2025, received rights to 975,000 shares of Class B Common Stock, converted portions of those Class B shares into Class A Common Stock, and sold the resulting Class A shares in open-market transactions.

How many Palantir (PLTR) shares vested and were involved in the CEO’s transactions?

The reporting person acquired rights to 975,000 shares of Class B Common Stock upon incremental vesting of previously granted RSUs on November 20, 2025. From this, 359,325 Class B shares were converted into Class A and sold on November 20, 2025, and 45,564 Class B shares were converted into Class A and sold on November 21, 2025.

Why did the Palantir (PLTR) CEO sell Class A shares in this filing?

The filing explains that all sales were automatic sales of Class A Common Stock generated from the conversion of Class B shares in order to cover required tax withholding obligations related to the November 20, 2025 RSU vesting event.

What prices were the Palantir (PLTR) Class A shares sold at in these transactions?

The Class A Common Stock sales on November 20, 2025 were executed in multiple open-market trades, with weighted average prices reported in ranges such as $155.3089, $156.1858, up through $173.4115, based on detailed price ranges in footnotes (3) through (21). On November 21, 2025, sales occurred at weighted average prices including $153.4295 and $156.2601, as described in footnotes (22) through (24).

How many Palantir (PLTR) Class A shares does the reporting person own after these trades?

After the reported transactions, the filing shows the reporting person beneficially owned 6,432,258 shares of Class A Common Stock directly. The remark notes that this form is not intended to disclose all equity holdings and refers readers to the company’s April 25, 2025 proxy statement for broader ownership details.

How do Palantir (PLTR) Class B shares and RSUs relate to Class A Common Stock?

The filing states that Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis and has no expiration date. It also explains that each RSU under the relevant equity incentive plans represents a contingent right to receive one share of Class B Common Stock, which can then be converted into Class A Common Stock.

Which equity plans granted the RSUs reported by the Palantir (PLTR) CEO?

The RSUs reported include awards granted under Palantir’s Amended 2010 Equity Incentive Plan and its 2020 Executive Equity Incentive Plan. The filing notes that shares acquired from incremental vesting of these RSUs were fully vested as of the transaction date of November 20, 2025.