Palomar president exercises options, sells 3,000 shares
Palomar Holdings president Jon Christianson exercised employee stock options for 3,000 shares of common stock at an exercise price of $87.51 per share on July 20, 2026, then sold 3,000 shares at $139.50 per share the same day.
Rhea-AI Filing Summary
Palomar Holdings president Jon Christianson exercised employee stock options for 3,000 shares of common stock at an exercise price of $87.51 per share on July 20, 2026, then sold 3,000 shares at $139.50 per share the same day. After the exercise, he held 5,246 options for this grant, which vest 25% after one year and in equal monthly installments over the following 36 months. His reported common share holdings include 2,471 shares purchased through Palomar’s 2019 Employee Stock Purchase Plan. These transactions were executed pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 3,000 shares ($156K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Christianson Jon
Role
President
Sold
3,000 shs ($419K)
Approx. gross sale proceeds
$419K
Approx. exercise cost
$263K
Approx. pre-tax spread
$156K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F2 | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,000 | $87.51 | $263K |
| Sale | Common Stock F1 | 3,000 | $139.50 | $419K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 5,246 contracts (Direct);
Common Stock — 66,478 shares (Direct)
Footnotes (2)
- F1. Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F2. Subject to such person's continuing service with the Company, the options shall vest as follows: 25% shall vest on the first year anniversary of the Grant Date/Vesting Base Date with the remaining shares vesting in equal monthly installments over the subsequent thirty-six (36) month period.
Key Figures
Options exercised: 3,000 shares
Option exercise price: $87.51 per share
Shares sold: 3,000 shares
+3 more
6 metrics
Options exercised
3,000 shares
Employee stock options exercised into common stock on July 20, 2026
Option exercise price
$87.51 per share
Conversion or exercise price of the employee stock options
Shares sold
3,000 shares
Common stock sold on July 20, 2026
Sale price
$139.50 per share
Per-share price for the reported sale of common stock
Options remaining
5,246 options
Employee stock options beneficially owned following the reported option exercise
ESPP shares in holdings
2,471 shares
Common shares purchased under the 2019 Employee Stock Purchase Plan included in holdings
Key Terms
Employee Stock Option (Right to Buy), Employee Stock Purchase Plan (ESPP), Rule 10b5-1, derivative security
4 terms
Employee Stock Option (Right to Buy) financial
"Security title listed as Employee Stock Option (Right to Buy) for the derivative position"
Employee Stock Purchase Plan (ESPP) financial
"purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)"
Rule 10b5-1 financial
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
derivative security financial
"Transaction code description notes an Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What trades did Palomar Holdings (PLMR) president Jon Christianson report on this Form 4?
Jon Christianson exercised 3,000 stock options at an exercise price of $87.51 per share on July 20, 2026, receiving common stock, and then sold 3,000 Palomar Holdings shares at $139.50 per share in a separate same-day transaction.
How many Palomar Holdings options does Jon Christianson hold after these Form 4 transactions?
After exercising 3,000 options, Jon Christianson retained 5,246 options from this grant. These options are subject to a vesting schedule with 25% vesting after one year and the remaining shares vesting in equal monthly installments over the next 36 months.
Were Jon Christianson’s recent PLMR trades made under a Rule 10b5-1 trading plan?
Yes. The filing indicates the trades were executed under a Rule 10b5-1 trading plan, meaning they were carried out pursuant to a pre-established trading arrangement rather than discretionary timing decisions made at the trade dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
