Jon Christianson - Nov 18, 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role: President
Signature: /s/ Angela Grant, Attorney-in-Fact
Stock symbol: PLMR
Transactions as of: Nov 18, 2022
Transactions value $: -$92,775
Form type: 4
Date filed: 11/22/2022, 03:33 PM
Previous filing: Nov 18, 2022
Next filing: Jan 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLMR	Common Stock (RSUs)	Options Exercise	$0	+4.08K	+4.92%	$0.00	86.9K	Nov 18, 2022	Direct	F2
transaction	PLMR	Common Stock (RSUs)	Tax liability	-$92.8K	-1.55K	-1.78%	$60.01	85.4K	Nov 18, 2022	Direct	F1, F2
holding	PLMR	Common Stock						82.8K	Nov 18, 2022	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	Options Exercise	$0	-4.08K	-20%	$0.00	16.3K	Nov 18, 2022	Common Stock	4.08K	$0.00	Direct	F3

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

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 1,424 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3	The original RSU grant was for 20,396 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 4,079 units shall vest on the first year anniversary of the date of the grant; 4,079 units shall vest on the second year anniversary of the date of the grant; 4,078 units shall vest on the third year anniversary of the date of grant; and 1,020 units shall vest quarterly following the third anniversary date of the grant.