Kaj Ahlmann - May 5, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Kaj Ahlmann
Stock symbol: RLI
Transactions as of: May 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/9/2022, 04:05 PM
Previous filing: Feb 9, 2022
Next filing: Feb 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$0	+663	+33.41%	$0.00	2.65K	May 5, 2022	Direct	F1
transaction	RLI	Common Stock	Other	$0	+18	+0.68%	$0.00	2.67K	May 5, 2022	Direct	F1, F2
holding	RLI	Common Stock						9.45K	May 5, 2022	Directors' Trust	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	RLI	Restricted Stock Unit	Options Exercise	$0	-663	-100%	$0.00^*	0	May 5, 2022	Common Stock	663		Direct	F4, F5
transaction	RLI	Restricted Stock Unit	Award	$0	+643		$0.00	643	May 5, 2022	Common Stock	643		Direct	F4, F6

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

Explanation of Responses:

Id	Content
F1	Ownership reflects dividend reinvestment
F2	Shares acquired on the vesting of restricted stock units.
F3	Ownership reflects dividend reinvestment
F4	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2022 Annual Shareholders' Meeting or (2) one year after the date of grant.
F6	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2023 Annual Shareholders' Meeting or (2) one year after the date of grant.