William Bold - 08 Sep 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Strategy Officer
Signature: /s/ Angela Grant, Attorney-in-Fact
Issuer symbol: PLMR
Transactions as of: 08 Sep 2022
Transactions value $: -$39,968
Form type: 4
Filing time: 12 Sep 2022, 20:32:56 UTC
Previous filing: 31 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock	Sale	-$21.6K	-237	-29.59%	$90.93	564	10 Sep 2021	Direct	F1, F3
transaction	PLMR	Common Stock	Sale	-$7.52K	-144	-25.53%	$52.21	420	31 Jan 2022	Direct	F1, F3
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+363	+86.43%	$0.00	783	08 Sep 2022	Direct	F3
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$10.9K	-130	-16.6%	$83.84	653	08 Sep 2022	Direct	F2, F3
holding	PLMR	Common Stock						801	08 Sep 2022	Direct	F3

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	PLMR	Restricted Stock Units	Options Exercise	$0	-363	-49.93%	$0.00	364	08 Sep 2022	Common Stock	363	$0.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2	Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event.
F3	Includes 420 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F4	The original RSU grant was for 1,091 shares on 9/8/2020. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.