Jonathan Knutzen - Sep 8, 2021 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Risk Officer
Signature: /s/ Christopher Uchida, Attorney-in-Fact
Stock symbol: PLMR
Transactions as of: Sep 8, 2021
Transactions value $: -$9,812
Form type: 4
Date filed: 9/10/2021, 06:23 PM
Next filing: Nov 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+364	+5.02%	$0.00	7.62K	Sep 8, 2021	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$9.81K	-113	-1.48%	$86.83	7.51K	Sep 8, 2021	Direct	F1, 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	PLMR	Restricted Stock Units	Options Exercise	$0	-364	-33.36%	$0.00	727	Sep 8, 2021	Common Stock	364	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	This entry represents the number of shares of common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
F2	Includes 1,117 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 1,091 shares on 9/8/2020. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.