Jordan W. Graham - May 5, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Jordan W. Graham
Stock symbol: RLI
Transactions as of: May 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/9/2022, 04:12 PM
Previous filing: Feb 9, 2022
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$0	+663	+10.14%	$0.00	7.2K	May 5, 2022	Direct	F1, F2
transaction	RLI	Common Stock	Other	$0	+18	+0.25%	$0.00	7.22K	May 5, 2022	Direct	F2, F3
holding	RLI	Common Stock						49.2K	May 5, 2022	By Directors' Trust	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	RLI	Restricted Stock Unit	Award	$0	+643		$0.00	643	May 5, 2022	Common Stock	643		Direct	F4, F5
transaction	RLI	Restricted Stock Unit	Options Exercise	$0	-663	-100%	$0.00^*	0	May 5, 2022	Common Stock	663		Direct	F1, F4, F6

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

Explanation of Responses:

Id	Content
F1	Shares acquired on the vesting of restricted stock units.
F2	Ownership reflects dividend reinvestment.
F3	Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
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. 2023 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. 2022 Annual Shareholders' Meeting or (2) one year after the date of grant.