Uchida T Christopher - 18 Nov 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Financial Officer
Signature: /s/ Angela Grant, Attorney-in-Fact
Issuer symbol: PLMR
Transactions as of: 18 Nov 2022
Net transactions value: -$139,163
Form type: 4
Filing time: 22 Nov 2022, 15:32:45 UTC
Previous filing: 18 Nov 2022
Next filing: 30 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+6,118	+30%	$0.000000	26,492	18 Nov 2022	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	$139,163	-2,319	-8.8%	$60.01	24,173	18 Nov 2022	Direct	F1, F2
holding	PLMR	Common Stock						20,374	18 Nov 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	-6,118	-20%	$0.000000	24,476	18 Nov 2022	Common Stock	6,118	$0.000000	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 1,666 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 30,594 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 6,118 units shall vest on the first year anniversary of the date of the grant; 6,118 units shall vest on the second year anniversary of the date of the grant; 6,118 units shall vest on the third year anniversary of the date of grant; and 1,530 units shall vest quarterly following the third anniversary date of the grant. These vesting terms reflect updates from the vesting terms stated on the original form 4, filed November 18, 2021, due to erroneous vesting terms being stated on the original form 4.