Craig W. Kliethermes - 25 Nov 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: President & CEO, Director
Signature: /s/ Craig W. Kliethermes
Issuer symbol: RLI
Transactions as of: 25 Nov 2022
Net transactions value: -$500,395
Form type: 4
Filing time: 29 Nov 2022, 10:49:15 UTC
Previous filing: 01 Jun 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	$1,010,240	+16,000	+29%	$63.14	71,951	25 Nov 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	$1,510,635	-11,297	-16%	$133.72	60,654	25 Nov 2022	Direct	F1
holding	RLI	Common Stock						6,719	25 Nov 2022	By Esop	F2
holding	RLI	Common Stock						10,409	25 Nov 2022	By Executive Deferred Comp	F1

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	-16,000	-80%	$0.000000	4,000	25 Nov 2022	Common Stock	16,000	$63.14	Direct	F3
holding	RLI	Stock Option						20,000	25 Nov 2022	Common Stock	20,000	$93.24	Direct	F3
holding	RLI	Stock Option						14,000	25 Nov 2022	Common Stock	14,000	$113.02	Direct	F3
holding	RLI	Stock Option						75,000	25 Nov 2022	Common Stock	75,000	$116.60	Direct	F3
holding	RLI	Stock Option						21,000	25 Nov 2022	Common Stock	21,000	$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	Ownership reflects shares allocated to ESOP participant's account 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.