Jon Christianson - Jan 27, 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Underwriting Officer
Signature: /s/ Christopher Uchida, attorney-in-fact
Stock symbol: PLMR
Transactions as of: Jan 27, 2022
Transactions value $: -$9,381
Form type: 4
Date filed: 1/31/2022, 08:14 PM
Previous filing: Jan 28, 2022
Next filing: Aug 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+464	+0.49%	$0.00	94.4K	Jan 27, 2022	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$9.38K	-192	-0.2%	$48.86	94.3K	Jan 27, 2022	Direct	F1, F2
holding	PLMR	Common Stock						94K	Jan 27, 2022	Direct	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	-464	-33.33%	$0.00	928	Jan 27, 2022	Common Stock	464	$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 1,106 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 1,392 shares on 1/27/2021. 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.