Seth A. Davis - May 4, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role: Vice President, Controller
Signature: /s/ Seth Anthony Davis
Stock symbol: RLI
Transactions as of: May 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/8/2023, 03:38 PM
Previous filing: Apr 24, 2023
Next filing: Aug 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RLI	Common Stock						7.43K	May 4, 2023	Direct
holding	RLI	Common Stock						5.04K	May 4, 2023	RLI Corp. Executive Deferred Compensation Plan	F1
holding	RLI	Common Stock						14.2K	May 4, 2023	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
transaction	RLI	Restricted Stock Unit	Award	$0	+150		$0.00	150	May 4, 2023	Common Stock	150		Direct	F3, F4, F5
transaction	RLI	Stock Option	Award	$0	+3K		$0.00	3K	May 4, 2023	Common Stock	3K	$136.59	Direct	F6

* 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	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F4	These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F5	These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F6	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.