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
SEC: View on sec.gov

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

Showing 1 to 4 of 4 entries

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.