Jon Christianson - Dec 13, 2023 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
President
Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Dec 13, 2023
Transactions value $
-$121,543
Form type
4
Date filed
12/14/2023, 07:31 PM
Previous filing
Nov 21, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock Sale -$122K -2K -2.72% $60.77 71.5K Dec 13, 2023 Direct F1, F2, F3
holding PLMR Common Stock 73.5K Dec 13, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.52 to $60.96 (weighted average of $60.7717), inclusive. The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 Includes 1,781 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).