Stone Michael J - May 4, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Michael J. Stone
Stock symbol: RLI
Transactions as of: May 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/8/2023, 04:07 PM
Previous filing: Apr 25, 2023
Next filing: Dec 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$0	+643	+0.3%	$0.00	216K	May 4, 2023	Direct	F1, F2
transaction	RLI	Common Stock	Other	$0	+40	+0.02%	$0.00	216K	May 4, 2023	Direct	F2, F3
holding	RLI	Common Stock						135	May 4, 2023	By Spouse
holding	RLI	Common Stock						1.58K	May 4, 2023	By Spouse, Custodian UTMA-FL

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	+732		$0.00	732	May 4, 2023	Common Stock	732		Direct	F4, F5
transaction	RLI	Restricted Stock Unit	Options Exercise	$0	-643	-100%	$0.00^*	0	May 4, 2023	Common Stock	643		Direct	F1, F4, F6

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

Explanation of Responses:

Id	Content
F1	Shares acquired on the vesting of restricted stock units.
F2	Ownership reflects dividend reinvestment
F3	Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F4	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2024 Annual Shareholders' Meeting or (2) one year after the date of grant.
F6	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2023 Annual Shareholders' Meeting or (2) one year after the date of grant.