Craig W. Kliethermes - Aug 29, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Craig W. Kliethermes
Stock symbol: RLI
Transactions as of: Aug 29, 2024
Transactions value $: -$604,495
Form type: 4
Date filed: 8/30/2024, 04:10 PM
Previous filing: Aug 2, 2024
Next filing: Nov 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$1.32M	+17.5K	+28.16%	$75.66	79.6K	Aug 29, 2024	Direct	F1
transaction	RLI	Common Stock	Tax liability	-$1.93M	-12.6K	-15.76%	$153.62	67.1K	Aug 29, 2024	Direct
holding	RLI	Common Stock						7.66K	Aug 29, 2024	By Esop	F2
holding	RLI	Common Stock						11.3K	Aug 29, 2024	By Executive Deferred Comp	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	RLI	Stock Option	Options Exercise	$0	-17.5K	-100%	$0.00	0	Aug 29, 2024	Common Stock	17.5K	$75.66	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Ownership reflects dividend reinvestment.
F2	Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.
F3	Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F4	Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.