Seth A. Davis - 31 Dec 2022 Form 5 Insider Report for RLI CORP (RLI)

Role: Vice President, Controller
Signature: /s/ Seth Anthony Davis
Issuer symbol: RLI
Transactions as of: 31 Dec 2022
Net transactions value: $0
Form type: 5
Filing time: 01 Feb 2023, 16:14:04 UTC
Previous filing: 09 May 2022
Next filing: 24 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RLI	Common Stock						3,808	31 Dec 2022	Direct
holding	RLI	Common Stock						5,030	31 Dec 2022	RLI Corp. Executive Deferred Compensation Plan	F1
holding	RLI	Common Stock						13,999	31 Dec 2022	RLI Corp. 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
holding	RLI	Stock Option						9,000	31 Dec 2022	Common Stock	9,000	$40.61	Direct	F3, F4, F5
holding	RLI	Stock Option						6,000	31 Dec 2022	Common Stock	6,000	$57.09	Direct	F4, F5
holding	RLI	Stock Option						9,000	31 Dec 2022	Common Stock	9,000	$49.71	Direct	F4, F5
holding	RLI	Stock Option						7,000	31 Dec 2022	Common Stock	7,000	$56.14	Direct	F4, F5
holding	RLI	Stock Option						6,000	31 Dec 2022	Common Stock	6,000	$75.66	Direct	F4, F5
holding	RLI	Stock Option						5,000	31 Dec 2022	Common Stock	5,000	$86.24	Direct	F4, F5
holding	RLI	Stock Option						4,000	31 Dec 2022	Common Stock	4,000	$106.02	Direct	F4, F5
holding	RLI	Restricted Stock Unit						150	31 Dec 2022	Common Stock	150		Direct	F6, F7
holding	RLI	Restricted Stock Unit						150	31 Dec 2022	Common Stock	150		Direct	F6, F8
holding	RLI	Stock Option						4,000	31 Dec 2022	Common Stock	4,000	$109.60	Direct	F4, F5
holding	RLI	Restricted Stock Unit						200	31 Dec 2022	Common Stock	200		Direct	F6, F7, F8

* 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	Exercise price reflects prior adjustments as a result of special dividends.
F4	Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F5	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.
F6	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F7	These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F8	These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.