Jonathan Knutzen - 29 Jan 2025 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: Chief Risk Officer
Signature: /s/ Angela Grant, Attorney-in-Fact
Issuer symbol: PLMR
Transactions as of: 29 Jan 2025
Net transactions value: -$41,061
Form type: 4
Filing time: 31 Jan 2025, 16:12:49 UTC
Previous filing: 28 Jan 2025
Next filing: 04 Feb 2025
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	+1,231	+6.6%	$0.000000	19,869	29 Jan 2025	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Sale	$41,061	-379	-1.9%	$108.34	19,490	29 Jan 2025	Direct	F1, F2
holding	PLMR	Common Stock						18,638	29 Jan 2025	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	-1,231	-33%	$0.000000	2,461	29 Jan 2025	Common Stock	1,231	$0.000000	Direct	F3
transaction	PLMR	Restricted Stock Units (RSUs)	Award	$0	+4,302		$0.000000	4,302	29 Jan 2025	Common Stock	4,302	$0.000000	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 1,335 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 3,692 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.
F4	The original RSU grant was for 4,302 shares on 1/29/2025. 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.