T Christopher Uchida - Mar 11, 2024 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Mar 11, 2024
Transactions value $
-$205,860
Form type
4
Date filed
3/13/2024, 05:34 PM
Previous filing
Feb 16, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock Options Exercise $15K +1K +3.35% $15.00* 30.8K Mar 11, 2024 Direct F1
transaction PLMR Common Stock Sale -$73.4K -1K -3.24% $73.43 29.8K Mar 11, 2024 Direct F1
transaction PLMR Common Stock Sale -$73.4K -1K -3.35% $73.43 28.8K Mar 11, 2024 Direct F1
transaction PLMR Common Stock Sale -$74K -1K -3.47% $74.00 27.8K Mar 12, 2024 Direct F1

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 Employee Stock Option (Right to Buy) Options Exercise $0 -1K -13.97% $0.00 6.16K Mar 11, 2024 Common Stock 1K $15.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 1,666 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F2 Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in twelve (12) equal monthly installments thereafter.