Jon Christianson - Sep 8, 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: President
Signature: /s/ Angela Grant, Attorney-in-Fact
Stock symbol: PLMR
Transactions as of: Sep 8, 2022
Transactions value $: -$12,995
Form type: 4
Date filed: 9/12/2022, 08:36 PM
Previous filing: Aug 11, 2022
Next filing: Oct 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+431	+0.48%	$0.00	91K	Sep 8, 2022	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$13K	-155	-0.17%	$83.84	90.8K	Sep 8, 2022	Direct	F1, F2
holding	PLMR	Common Stock						90.6K	Sep 8, 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	-431	-50.06%	$0.00	430	Sep 8, 2022	Common Stock	431	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	Includes 1,424 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 1,291 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.