Jeffrey D. Fick - Nov 11, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role: CHIEF LEGAL OFFICER & CORP SEC
Signature: /s/ Jeffrey D. Fick
Stock symbol: RLI
Transactions as of: Nov 11, 2024
Transactions value $: -$434,118
Form type: 4
Date filed: 11/12/2024, 04:15 PM
Previous 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	$757K	+10K	+14.95%	$75.66	76.9K	Nov 11, 2024	Direct
transaction	RLI	Common Stock	Tax liability	-$1.19M	-6.86K	-8.92%	$173.65	70K	Nov 11, 2024	Direct
holding	RLI	Common Stock						12.5K	Nov 11, 2024	Employee Stock Ownership Plan	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	-10K	-100%	$0.00	0	Nov 11, 2024	Common Stock	10K	$75.66	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Balance reflects annual company contributions and dividend reinvestment.
F2	Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F3	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.