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

Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Aug 4, 2022
Transactions value $
-$7,487,472
Form type
4
Date filed
8/8/2022, 05:50 PM
Previous filing
Jun 3, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +25K +675.49% $0.00 28.7K Jul 15, 2022 Direct F1
transaction PLMR Common Stock (RSUs) Tax liability -$665K -11.9K -41.51% $55.79 16.8K Jul 15, 2022 Direct F1, F2
transaction PLMR Common Stock Sale -$3.37M -47.9K -6.96% $70.20 641K Aug 4, 2022 By Armstrong Family Trust F3, F4
transaction PLMR Common Stock Sale -$310K -4.4K -0.69% $70.53 637K Aug 5, 2022 By Armstrong Family Trust F3, F4
transaction PLMR Common Stock Sale -$1.78M -24.8K -3.9% $71.63 612K Aug 5, 2022 By Armstrong Family Trust F3, F4
transaction PLMR Common Stock Sale -$531K -7.33K -1.2% $72.52 605K Aug 5, 2022 By Armstrong Family Trust F3, F4
transaction PLMR Common Stock Sale -$878 -12 0% $73.20 605K Aug 5, 2022 By Armstrong Family Trust F3
transaction PLMR Common Stock Sale -$835K -11.5K -1.9% $72.77 593K Aug 8, 2022 By Armstrong Family Trust F3
holding PLMR Common Stock 3.7K Aug 4, 2022 Direct F1
holding PLMR Common Stock 689K Aug 4, 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 Restricted Stock Units Options Exercise $0 -25K -20% $0.00 100K Jul 15, 2022 Common Stock 25K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,470 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F2 Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.96 (weighted average of $70.2013), inclusive; and $70.00 to $70.97 (weighted average of $70.5326), inclusive; and $71.00 to $71.98 (weighted average of $71.6302), inclusive; and $72.00 to 72.99 (weighted average of $72.5185), inclusive. The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5 The original RSU grant was for 125,000 shares on 7/15/2021. Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 25,000 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date; after the third anniversary of the Grant Date/Vesting Base Date, 6,250 shares shall vest on a quarterly basis thereafter, until fully vested.