Jeffrey D. Fick - 17 Nov 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: Chief Legal Officer
Signature: /s/ Jeffrey D. Fick
Issuer symbol: RLI
Transactions as of: 17 Nov 2022
Net transactions value: -$471,428
Form type: 4
Filing time: 21 Nov 2022, 12:58:16 UTC
Previous filing: 02 Nov 2022
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$128,180	+2,000	+3.5%	$64.09	59,743	17 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	$186,837	-1,435	-2.4%	$130.20	58,308	17 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Options Exercise	$408,312	+7,200	+12%	$56.71	65,508	17 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	$642,797	-4,937	-7.5%	$130.20	60,571	17 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Options Exercise	$378,840	+6,000	+9.9%	$63.14	66,571	17 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	$557,126	-4,279	-6.4%	$130.20	62,292	17 Nov 2022	Direct	F1
holding	RLI	Common Stock						12,141	17 Nov 2022	Employee Stock Ownership Plan	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	Stock Option	Options Exercise	$0	-2,000	-100%	$0.000000^*	0	17 Nov 2022	Common Stock	2,000	$64.09	Direct	F3
transaction	RLI	Stock Option	Options Exercise	$0	-7,200	-100%	$0.000000^*	0	17 Nov 2022	Common Stock	7,200	$56.71	Direct	F3
transaction	RLI	Stock Option	Options Exercise	$0	-6,000	-40%	$0.000000	9,000	17 Nov 2022	Common Stock	6,000	$63.14	Direct	F3
holding	RLI	Stock Option						4,166	17 Nov 2022	Common Stock	4,166	$97.64	Direct	F3
holding	RLI	Stock Option						2,000	17 Nov 2022	Common Stock	2,000	$104.85	Direct	F3
holding	RLI	Stock Option						3,750	17 Nov 2022	Common Stock	3,750	$116.60	Direct	F3
holding	RLI	Stock Option						2,000	17 Nov 2022	Common Stock	2,000	$113.02	Direct	F3
holding	RLI	Stock Option						3,750	17 Nov 2022	Common Stock	3,750	$110.56	Direct
holding	RLI	Stock Option						2,000	17 Nov 2022	Common Stock	2,000	$108.07	Direct	F3
holding	RLI	Stock Option						2,000	17 Nov 2022	Common Stock	2,000	$110.02	Direct	F3
holding	RLI	Stock Option						3,750	17 Nov 2022	Common Stock	3,750	$132.98	Direct	F3
holding	RLI	Stock Option						4,167	17 Nov 2022	Common Stock	4,167	$89.28	Direct	F3
holding	RLI	Stock Option						4,166	17 Nov 2022	Common Stock	4,166	$93.24	Direct
holding	RLI	Stock Option						15,000	17 Nov 2022	Common Stock	15,000	$82.66	Direct	F3

* 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	Balance reflects annual company contributions and dividend reinvestment.
F3	Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.