Mac Armstrong - Jan 26, 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: CEO and Chairman, Director
Signature: /s/ Christopher Uchida, Attorney-in-Fact
Stock symbol: PLMR
Transactions as of: Jan 26, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/28/2022, 06:38 PM
Previous filing: Nov 19, 2021
Next filing: Jan 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PLMR	Common Stock						1.95K	Jan 26, 2022	Direct	F1
holding	PLMR	Common Stock						695K	Jan 26, 2022	By Armstrong Family Trust

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	Employee Stock Option (right to buy)	Award	$0	+13.5K		$0.00	13.5K	Jan 26, 2022	Common Stock	13.5K	$49.53	Direct	F2
transaction	PLMR	Restricted Stock Units	Award	$0	+16.2K		$0.00	16.2K	Jan 26, 2022	Common Stock	16.2K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Includes 1,337 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F2	Subject to such person's continuing service with the Company, the options shall vest as follows: 25% shall vest on the first year anniversary of the Grant Date/Vesting Base Date with the remaining shares vesting in equal monthly installments over the subsequent twenty-four (24) month period.
F3	Each restricted stock unit represents a contingent right to receive one share of Palomar Holdings, Inc. common stock.
F4	Subject to such person's continuing service with the Company, restricted stock units shall vest as follows: 33 1/3% shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 33 1/3% shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; and 33 1/3% shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date.