Uchida T Christopher - 26 Jan 2024 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: 26 Jan 2024
Net transactions value: -$36,559
Form type: 4
Filing time: 30 Jan 2024, 19:26:46 UTC
Previous filing: 18 Jan 2024
Next filing: 02 Feb 2024
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	+1,080	+3.6%	$0.000000	30,766	26 Jan 2024	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Sale	$23,691	-394	-1.3%	$60.13	30,372	26 Jan 2024	Direct	F1, F2
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+513	+1.7%	$0.000000	30,885	27 Jan 2024	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Sale	$12,868	-214	-0.69%	$60.13	30,671	27 Jan 2024	Direct	F1, F2
holding	PLMR	Common Stock						29,686	26 Jan 2024	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 (RSUs)	Options Exercise	$0	-1,080	-50%	$0.000000	1,079	26 Jan 2024	Common Stock	1,080	$0.000000	Direct	F3
transaction	PLMR	Restricted Stock Units (RSUs)	Options Exercise	$0	-513	-100%	$0.000000^*	0	27 Jan 2024	Common Stock	513	$0.000000	Direct	F4
transaction	PLMR	Restricted Stock Units (RSUs)	Award	$0	-4,226	-50%	$0.000000	4,226	29 Jan 2024	Common Stock	4,226	$0.000000	Direct	F5

* 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 3,238 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 1,540 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.
F5	The original RSU grant was for 4,226 shares on 1/29/2024. 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.