# EDGAR Filing Document

**Accession Number:** 0001321655
**File Stem:** 0001823920-25-000002
**Filing Date:** 2025-11
**Character Count:** 24447
**Document Hash:** 04804c00494b57f3c13b1c52181ff25a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001823920-25-000002.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001823920-25-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251120

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Cohen Stephen Andrew
- **CENTRAL INDEX KEY:** 0001823920

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39540
- **FILM NUMBER:** 251514770

**MAIL ADDRESS:**
- **STREET 1:** C/O PALANTIR TECHNOLOGIES INC.
- **STREET 2:** 1200 17TH STREET, FLOOR 15
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palantir Technologies Inc.
- **CENTRAL INDEX KEY:** 0001321655
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 680551851
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** FLOOR 15
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-358-3679

**MAIL ADDRESS:**
- **STREET 1:** 1200 17TH STREET
- **STREET 2:** FLOOR 15
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Palantir Technologies Inc
- **DATE OF NAME CHANGE:** 20050324

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Cohen Stephen Andrew<br><sub>(Last) (First) (Middle)</sub><br>C/O PALANTIR TECHNOLOGIES INC.<br>1200 17TH STREET, FLOOR 15<br><sub>(Street)</sub><br>DENVER, CO 80202<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_See Remarks_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Palantir Technologies Inc. [ PLTR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-11-20 |  | C<sup>(1)</sup> |  | 308635 | A | <sup>(2)</sup> | 309227 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 19068 | D | 155.3089<sup>(3)</sup> | 290159 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 18328 | D | 156.1858<sup>(4)</sup> | 271831 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 38368 | D | 157.251<sup>(5)</sup> | 233463 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 37434 | D | 158.1365<sup>(6)</sup> | 196029 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 17415 | D | 159.0786<sup>(7)</sup> | 178614 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 14916 | D | 160.1615<sup>(8)</sup> | 163698 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 11052 | D | 161.1557<sup>(9)</sup> | 152646 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 2549 | D | 161.8464<sup>(10)</sup> | 150097 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 8921 | D | 163.3663<sup>(11)</sup> | 141176 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 5349 | D | 164.0484<sup>(12)</sup> | 135827 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 4139 | D | 165.945<sup>(13)</sup> | 131688 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 6749 | D | 166.7259<sup>(14)</sup> | 124939 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 5718 | D | 167.933<sup>(15)</sup> | 119221 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 4684 | D | 168.9044<sup>(16)</sup> | 114537 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 8864 | D | 169.9372<sup>(17)</sup> | 105673 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 28965 | D | 170.9118<sup>(18)</sup> | 76708 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 34005 | D | 171.9968<sup>(19)</sup> | 42703 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 38551 | D | 172.7717<sup>(20)</sup> | 4152 | D |  |
| Class A Common Stock | 2025-11-20 |  | S<sup>(1)</sup> |  | 3560 | D | 173.4115<sup>(21)</sup> | 592 | D |  |
| Class A Common Stock | 2025-11-21 |  | C<sup>(1)</sup> |  | 39136 | A | <sup>(2)</sup> | 39728 | D |  |
| Class A Common Stock | 2025-11-21 |  | S<sup>(1)</sup> |  | 365 | D | 153.4295<sup>(22)</sup> | 39363 | D |  |
| Class A Common Stock | 2025-11-21 |  | S<sup>(1)</sup> |  | 38303 | D | 156.2601<sup>(23)</sup> | 1060 | D |  |
| Class A Common Stock | 2025-11-21 |  | S<sup>(1)</sup> |  | 468 | D | 157.7397<sup>(24)</sup> | 592 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(25)</sup> | 2025-11-20 |  | M<sup>(1)</sup> |  |  | 675000 | <sup>(26)</sup> | 2026-05-20 | Class B Common Stock<sup>(2)</sup> | 675000 | $0 | 1350000 | D |  |
| Class B Common Stock<sup>(2)</sup> | <sup>(2)</sup> | 2025-11-20 |  | M<sup>(1)</sup> |  | 675000 |  | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock | 675000 | $0 | 13531797 | D |  |
| Class B Common Stock<sup>(2)</sup> | <sup>(2)</sup> | 2025-11-20 |  | C<sup>(1)</sup> |  |  | 308635 | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock | 308635 | $0 | 13223162 | D |  |
| Class B Common Stock<sup>(2)</sup> | <sup>(2)</sup> | 2025-11-21 |  | C<sup>(1)</sup> |  |  | 39136 | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock | 39136 | $0 | 13184026 | D |  |

---

### Footnotes:

(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, 2025, converted 308,635 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 39,136 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.

**Remarks:**
Officer title: President and Secretary. 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).

**Signature:** /s/ Justin V. Laubach, under power of attorney  
**Date:** 2025-11-24

### Remarks:

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.**