Form 4: Palantir Technologies to Increase Stake in Surf Air Mobility Through Future Equity-for-Services Agreement

Palantir Technologies Inc. is set to acquire an additional 1,040,557 shares of Surf Air Mobility Inc. common stock at $2.07 per share on June 18, 2025, as consideration for services rendered, which will increase its total beneficial ownership to 4,461,564 shares.

Summary

• Palantir Technologies Inc. (Reporting Person) will acquire 1,040,557 shares of Surf Air Mobility Inc. (Issuer) common stock.
• The shares are valued at $2.07 per share for this transaction.
• This acquisition is scheduled to occur on June 18, 2025.
• Following this transaction, Palantir's beneficial ownership in Surf Air Mobility Inc. will total 4,461,564 shares.
• The shares are being received as consideration under a commercial arrangement, where Palantir provides ordinary course services to Surf Air Mobility.
• The valuation of the shares for this arrangement was determined as the lower of the 5-day volume-weighted average trading price ending on the last completed trading day prior to issuance or the closing price on the last completed trading day prior to issuance.

Sentiment

Score: 7

Explanation: The transaction indicates a strengthening of the commercial relationship between Palantir and Surf Air Mobility, with Palantir accepting equity for services, suggesting confidence in Surf Air Mobility's future. The future date of the transaction implies a pre-planned strategic move.

Positives

• Palantir Technologies is deepening its strategic relationship with Surf Air Mobility by accepting equity as payment for services, indicating a strong partnership.
• The transaction demonstrates continued commitment and alignment of interests between the two companies.
• Palantir's increased stake could signal confidence in Surf Air Mobility's future prospects and the value of their ongoing commercial arrangement.

Risks

• The value of the acquired shares for Palantir is subject to market fluctuations of Surf Air Mobility Inc.'s stock, as the payment is in equity rather than cash.
• Future performance of Surf Air Mobility Inc. will directly impact the value of Palantir's investment and the effectiveness of the equity-based compensation.

Future Outlook

This filing reports a planned future transaction, scheduled for June 18, 2025, where Palantir Technologies Inc. will acquire additional equity in Surf Air Mobility Inc. as part of an ongoing commercial arrangement for services provided. This indicates a pre-arranged strategic move under a Rule 10b5-1 plan.

Industry Context

This transaction highlights a growing trend of technology companies like Palantir engaging in strategic partnerships and accepting equity as consideration for services, particularly within emerging sectors such as sustainable aviation or mobility tech, exemplified by Surf Air Mobility. Such arrangements can foster deeper collaboration and align long-term interests between partners.

Comparison to Industry Standards

• This type of equity-for-services arrangement is becoming more common, particularly among tech companies and their partners, as seen in similar deals where software or platform providers take stakes in companies utilizing their services.
• While specific comparable companies or projects are not detailed in this filing, the structure aligns with strategic investments observed in the broader technology and mobility sectors, where long-term value creation is prioritized over immediate cash payments.

Related Party Transactions

• The acquisition of shares by Palantir Technologies Inc. from Surf Air Mobility Inc. is considered a related party transaction, as Palantir is listed as both a Director and a 10% Owner of Surf Air Mobility.
• The shares are being received as consideration for ordinary course services provided by Palantir to Surf Air Mobility under a commercial arrangement.

Stakeholder Impact

• **Shareholders of Surf Air Mobility Inc.:** May experience minor dilution due to the issuance of new shares, but the transaction reinforces a strategic partnership with a major technology company, potentially signaling long-term value and stability.
• **Shareholders of Palantir Technologies Inc.:** The increased equity stake in Surf Air Mobility Inc. represents a strategic investment and deeper alignment with a partner, potentially offering future upside tied to Surf Air Mobility's growth.
• **Employees of Surf Air Mobility Inc.:** Continued partnership with Palantir could provide stability and access to advanced technology and services.
• **Customers of Surf Air Mobility Inc.:** The ongoing commercial arrangement with Palantir may lead to enhanced services or technological capabilities.

Next Steps

• The reported transaction of 1,040,557 shares is scheduled to be completed on June 18, 2025.
• Palantir Technologies Inc. will continue to provide ordinary course services to Surf Air Mobility Inc. under the commercial arrangement.

Key Dates

Keywords

Palantir Technologies, Surf Air Mobility, SRFM, PLTR, SEC Form 4, beneficial ownership, equity acquisition, commercial agreement, strategic partnership, insider transaction, future transaction