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

Role: President & CEO, Director
Signature: /s/ Craig W. Kliethermes
Stock symbol: RLI
Transactions as of: Nov 25, 2022
Transactions value $: -$500,395
Form type: 4
Date filed: 11/29/2022, 10:49 AM
Previous filing: Jun 1, 2022
Next filing: Feb 1, 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	$1.01M	+16K	+28.6%	$63.14	72K	Nov 25, 2022	Direct	F1
transaction	RLI	Common Stock	Tax liability	-$1.51M	-11.3K	-15.7%	$133.72	60.7K	Nov 25, 2022	Direct	F1
holding	RLI	Common Stock						6.72K	Nov 25, 2022	By Esop	F2
holding	RLI	Common Stock						10.4K	Nov 25, 2022	By Executive Deferred Comp	F1

Showing 1 to 4 of 4 entries

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	-16K	-80%	$0.00	4K	Nov 25, 2022	Common Stock	16K	$63.14	Direct	F3
holding	RLI	Stock Option						20K	Nov 25, 2022	Common Stock	20K	$93.24	Direct	F3
holding	RLI	Stock Option						14K	Nov 25, 2022	Common Stock	14K	$113.02	Direct	F3
holding	RLI	Stock Option						75K	Nov 25, 2022	Common Stock	75K	$116.60	Direct	F3
holding	RLI	Stock Option						21K	Nov 25, 2022	Common Stock	21K	$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.