Uchida T. Christopher - 18 Feb 2025 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
18 Feb 2025
Net transactions value
-$194,997
Form type
4
Filing time
20 Feb 2025, 18:10:27 UTC
Previous filing
14 Feb 2025
Next filing
17 Mar 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 Options Exercise $0 +1,530 +10% $0.000000 16,235 18 Feb 2025 Direct F2
transaction PLMR Common Stock Sale $68,039 -552 -3.4% $123.26 15,683 18 Feb 2025 Direct F1, F2
transaction PLMR Common Stock Sale $126,958 -1,030 -6.6% $123.26 14,653 19 Feb 2025 Direct F2, F4
holding PLMR Common Stock 14,705 18 Feb 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 -1,530 -12% $0.000000 10,710 18 Feb 2025 Common Stock 1,530 $0.000000 Direct F3
* 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 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 30,594 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 6,118 units shall vest on the first year anniversary of the date of the grant; 6,118 units shall vest on the second year anniversary of the date of the grant; 6,118 units shall vest on the third year anniversary of the date of grant; and 1,530 units shall vest quarterly following the third anniversary date of the grant. These vesting terms reflect updates from the vesting terms stated on the original form 4, filed November 18, 2021, due to erroneous vesting terms being stated on the original form 4.
F4 Sold Pursuant to 10b5-1 plan