Jonathan Knutzen - 18 Nov 2023 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
Chief Risk Officer
Signature
/s/ Angela Grant, Attorney-in-Fact
Issuer symbol
PLMR
Transactions as of
18 Nov 2023
Transactions value $
-$44,561
Form type
4
Filing time
21 Nov 2023, 16:02:32 UTC
Previous filing
22 Sep 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +2.45K +21.06% $0.00 14.1K 18 Nov 2023 Direct F2
transaction PLMR Common Stock (RSUs) Sale -$44.6K -754 -5.36% $59.10 13.3K 18 Nov 2023 Direct F1, F2
holding PLMR Common Stock 11.6K 18 Nov 2023 Direct F2

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 -2.45K -24.99% $0.00 7.34K 18 Nov 2023 Common Stock 2.45K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 1,255 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 12,238 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 2,448 units shall vest on the first year anniversary of the date of the grant; 2,447 units shall vest on the second year anniversary of the date of the grant; 2,447 units shall vest on the third year anniversary of the date of grant; and 612 units shall vest quarterly following the third anniversary date of the grant.