Todd W. Bryant - 01 Feb 2023 Form 4 Insider Report for RLI CORP (RLI)

Role: Chief Financial Officer
Signature: /s/ Todd W. Bryant
Issuer symbol: RLI
Transactions as of: 01 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Feb 2023, 13:30:09 UTC
Previous filing: 01 Feb 2023
Next filing: 08 May 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						27,501	01 Feb 2023	Direct
holding	RLI	Common Stock						29,830	01 Feb 2023	Employee Stock Ownership Plan	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	Award	$0	+8,500		$0.000000	8,500	01 Feb 2023	Common Stock	8,500	$131.78	Direct	F3
holding	RLI	Stock Option						5,000	01 Feb 2023	Common Stock	5,000	$90.64	Direct	F2, F3
holding	RLI	Stock Option						3,000	01 Feb 2023	Common Stock	3,000	$97.85	Direct	F2, F3
holding	RLI	Stock Option						8,500	01 Feb 2023	Common Stock	8,500	$109.60	Direct	F2, F3
holding	RLI	Stock Option						8,500	01 Feb 2023	Common Stock	8,500	$103.56	Direct	F2
holding	RLI	Stock Option						3,000	01 Feb 2023	Common Stock	3,000	$101.07	Direct	F2, F3
holding	RLI	Stock Option						5,000	01 Feb 2023	Common Stock	5,000	$86.24	Direct	F2, F3
holding	RLI	Stock Option						3,000	01 Feb 2023	Common Stock	3,000	$103.02	Direct	F2, F3
holding	RLI	Stock Option						8,500	01 Feb 2023	Common Stock	8,500	$132.98	Direct	F3
holding	RLI	Stock Option						5,000	01 Feb 2023	Common Stock	5,000	$89.28	Direct	F3
holding	RLI	Stock Option						3,000	01 Feb 2023	Common Stock	3,000	$113.02	Direct	F3
holding	RLI	Stock Option						3,750	01 Feb 2023	Common Stock	3,750	$89.32	Direct	F2, F3
holding	RLI	Stock Option						4,000	01 Feb 2023	Common Stock	4,000	$56.14	Direct	F2, F3
holding	RLI	Stock Option						3,750	01 Feb 2023	Common Stock	3,750	$75.66	Direct	F2, F3
holding	RLI	Stock Option						3,750	01 Feb 2023	Common Stock	3,750	$82.47	Direct	F2, F3
holding	RLI	Stock Option						3,750	01 Feb 2023	Common Stock	3,750	$87.62	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Balance reflects annual company contributions and dividend reinvestment.
F2	Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
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.