Jonathan Knutzen - Jan 26, 2023 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Risk Officer
Signature: /s/ Angela Grant, Attorney-in-Fact
Stock symbol: PLMR
Transactions as of: Jan 26, 2023
Transactions value $: -$22,690
Form type: 4
Date filed: 1/30/2023, 07:00 PM
Previous filing: Nov 22, 2022
Next filing: Sep 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+889	+8.48%	$0.00	11.4K	Jan 26, 2023	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$16K	-323	-2.84%	$49.54	11.1K	Jan 26, 2023	Direct	F1, F2
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+371	+3.36%	$0.00	11.4K	Jan 27, 2023	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$6.69K	-136	-1.19%	$49.18	11.3K	Jan 27, 2023	Direct	F1, F2
holding	PLMR	Common Stock						10.5K	Jan 26, 2023	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	-889	-33.33%	$0.00	1.78K	Jan 26, 2023	Common Stock	889	$0.00	Direct	F3
transaction	PLMR	Restricted Stock Units	Options Exercise	$0	-371	-50%	$0.00	371	Jan 27, 2023	Common Stock	371	$0.00	Direct	F4

* 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 1,177 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 2,667 shares on 1/26/2022. 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.
F4	The original RSU grant was for 1,113 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.