Aaron P. Diefenthaler - Nov 11, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role: TREASURER, CHIEF INVEST. OFF.
Signature: /s/ Aaron P. Diefenthaler
Stock symbol: RLI
Transactions as of: Nov 11, 2024
Transactions value $: -$603,969
Form type: 4
Date filed: 11/12/2024, 04:15 PM
Previous filing: May 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Options Exercise	$547K	+11K	+38.33%	$49.71	39.7K	Nov 11, 2024	Direct
transaction	RLI	Common Stock	Tax liability	-$1.15M	-6.63K	-16.69%	$173.65	33.1K	Nov 11, 2024	Direct
holding	RLI	Common Stock						1.48K	Nov 11, 2024	By Executive Deferred Compensation	F1
holding	RLI	Common Stock						4.44K	Nov 11, 2024	Employee Stock Ownership Plan - ESOP	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	RLI	Stock Option	Options Exercise	$0	-11K	-100%	$0.00	0	Nov 11, 2024	Common Stock	11K	$49.71	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	Balance reflects annual company contributions 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.