Palomar president exercises options, sells 3,000 shares
Palomar Holdings, Inc. President Jon Christianson corrected his previously reported activity by showing that he both exercised options and sold the resulting shares.
Rhea-AI Filing Summary
Palomar Holdings, Inc. President Jon Christianson corrected his previously reported activity by showing that he both exercised options and sold the resulting shares. On April 7, 2026, he exercised an employee stock option to acquire 3,000 shares of common stock at $15.00 per share, then sold 3,000 shares at $125.00 per share. After these transactions, he directly holds 65,919 shares of Palomar common stock. The amendment explains that the original filing had reported the event as a sale only, omitting the related option exercise.
Positive
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Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 3,000 shares ($330K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Christianson Jon
Role
President
Sold
3,000 shs ($375K)
Approx. gross sale proceeds
$375K
Approx. exercise cost
$45K
Approx. pre-tax spread
$330K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,000 | $15.00 | $45K |
| Sale | Common Stock | 3,000 | $125.00 | $375K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 1,937 contracts (Direct);
Common Stock — 65,919 shares (Direct)
Footnotes (3)
- F1. This Form 4/A amends the Form 4 originally filed on April 8, 2026 to correctly reflect the option exercise and related sale, which were previously reported as a sale only.
- F2. Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F3. Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in the twelve (12) equal monthly installments thereafter.
Key Figures
Options exercised: 3,000 shares
Option exercise price: $15.00 per share
Shares sold: 3,000 shares
+4 more
7 metrics
Options exercised
3,000 shares
Employee Stock Option exercised on April 7, 2026
Option exercise price
$15.00 per share
Employee Stock Option (Right to Buy)
Shares sold
3,000 shares
Open-market sale on April 7, 2026
Sale price
$125.00 per share
Common stock sale following option exercise
Post-transaction holdings
65,919 shares
Common stock directly owned after transactions
Remaining options of this grant
1,937 options
Derivative position following 3,000-share exercise
Option expiration date
April 16, 2029
Employee Stock Option term
Key Terms
Employee Stock Option (Right to Buy), Form 4/A, Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP), vest and become exercisable, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
Form 4/A regulatory
"This Form 4/A amends the Form 4 originally filed on April 8, 2026"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP) financial
"Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
vest and become exercisable financial
"option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest"
open-market sale financial
"transaction_action: "open-market sale" for 3,000 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palomar (PLMR) President Jon Christianson report?
Jon Christianson reported exercising stock options for 3,000 Palomar shares and immediately selling 3,000 shares. The filing corrects an earlier report that showed only a sale, clarifying the full exercise-and-sale sequence on April 7, 2026.
What prices were involved in Jon Christianson’s Palomar (PLMR) option exercise and sale?
Christianson exercised employee stock options at a $15.00 per share exercise price, acquiring 3,000 Palomar shares. He then sold 3,000 common shares at $125.00 per share, as disclosed in the amended Form 4/A filed for April 7, 2026.
Why was this Palomar (PLMR) Form 4/A filed as an amendment?
The Form 4/A was filed to correct the original April 8, 2026 report, which showed only a sale. The amendment clarifies that there was both an option exercise and a related sale of Palomar shares on April 7, 2026.
What type of derivative security did Jon Christianson exercise at Palomar (PLMR)?
He exercised an Employee Stock Option (Right to Buy) covering 3,000 underlying Palomar common shares. The option had a $15.00 exercise price and an expiration date of April 16, 2029, according to the amended Form 4/A disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
