Jon Christianson - Sep 8, 2023 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, 2023
Transactions value $: -$7,639
Form type: 4
Date filed: 9/22/2023, 05:38 PM
Previous filing: Jun 27, 2023
Next filing: Nov 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+430	+0.56%	$0.00	77K	Sep 8, 2023	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$7.64K	-149	-0.19%	$51.27	76.9K	Sep 8, 2023	Direct	F1, F2
holding	PLMR	Common Stock						76.6K	Sep 8, 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	-430	-100%	$0.00^*	0	Sep 8, 2023	Common Stock	430	$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 1,781 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.