Was the share sale by Palomar (PLMR) president a discretionary transaction?

The filing states the 522-share sale was automatically executed by the company under a mandatory sell-to-cover provision. This means shares were sold solely to pay minimum statutory tax withholding due on the RSU vesting.

Palomar Holdings (PLMR) president vests RSUs, ends with 66,478 shares

Q: What did Palomar (PLMR) president Jon Christianson report in this Form 4?

He reported RSU-related equity activity. 1,020 RSUs vested into common stock and 522 shares were automatically sold to cover tax withholding, leaving him with 66,478 common shares held directly afterward.

Q: How many Palomar (PLMR) shares does Jon Christianson hold after these transactions?

After the reported transactions, his direct holdings total 66,478 common shares . This figure includes 2,471 shares previously purchased through Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan, as disclosed in the footnotes.

Q: What RSU grant is involved in Jon Christianson’s Palomar (PLMR) Form 4?

The activity relates to an original RSU grant of 20,396 units dated November 18, 2021 . The grant vests in annual tranches over three years, then 1,020 units quarterly after the third anniversary, subject to continued service.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Palomar Holdings president Jon Christianson reported routine equity compensation activity involving restricted stock units (RSUs). On May 18, 2026, 1,020 RSUs vested and converted into common stock at a stated price of $0.00 per share, increasing his direct holdings.

On the same date, 522 shares were automatically sold at $115.26 per share under a mandatory sell-to-cover provision to satisfy minimum tax withholding obligations, according to the company. After these transactions, his direct common stock holdings were reported at 66,478 shares, which include 2,471 shares acquired through the 2019 Employee Stock Purchase Plan. The RSU award originally covered 20,396 units with vesting over several years, and 2,040 RSUs remain outstanding after this vesting event.

Insider Trade Summary

Net Seller: 522 shares ($60,166)

Net Sell 3 txns

Insider Christianson Jon

Role President

Sold 522 shs ($60K)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (RSUs)	1,020	$0.00	--
Exercise	Common Stock (RSUs)	1,020	$0.00	--
Sale	Common Stock (RSUs)	522	$115.26	$60K

Holdings After Transaction: Restricted Stock Units (RSUs) — 2,040 shares (Direct, null); Common Stock (RSUs) — 67,000 shares (Direct, null)

Footnotes (1)

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. Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). 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.

Key Figures

Shares sold for tax withholding: 522 shares at $115.26 RSUs vested and converted: 1,020 shares Common shares held after transactions: 66,478 shares +3 more

6 metrics

Shares sold for tax withholding 522 shares at $115.26 Automatic sell-to-cover on May 18, 2026

RSUs vested and converted 1,020 shares RSU vesting into common stock on May 18, 2026

Common shares held after transactions 66,478 shares Direct holdings reported following May 18, 2026 activity

Original RSU grant size 20,396 units RSU award granted on November 18, 2021

Remaining RSUs outstanding 2,040 units Restricted Stock Units remaining after latest vesting

ESPP shares included in holdings 2,471 shares Shares purchased under 2019 Employee Stock Purchase Plan

Key Terms

Restricted Stock Units (RSUs), mandatory sell-to-cover provision, minimum statutory tax withholding obligations, Employee Stock Purchase Plan (ESPP)

4 terms

Restricted Stock Units (RSUs) financial

"The original RSU grant was for 20,396 shares on 11/18/2021."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

mandatory sell-to-cover provision financial

"Represents shares automatically sold... pursuant to a mandatory sell-to-cover provision"

minimum statutory tax withholding obligations financial

"required to cover minimum statutory tax withholding obligations that became due"

Employee Stock Purchase Plan (ESPP) financial

"Includes 2,471 shares purchased pursuant to the... 2019 Employee Stock Purchase Plan (ESPP)."

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:15 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Christianson Jon

(Last)

(First)

(Middle)

7979 IVANHOE AVENUE, SUITE 500

(Street)

LA JOLLA

CALIFORNIA

92037

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Palomar Holdings, Inc. [ PLMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock (RSUs)	05/18/2026		M		1,020	A	$0.00	67,000⁽²⁾	D
Common Stock (RSUs)	05/18/2026		S⁽¹⁾		522	D	$115.26	66,478⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSUs)	$0.00	05/18/2026		M			1,020	⁽³⁾	⁽³⁾	Common Stock	1,020	$0.00	2,040	D

Explanation of Responses:

1. 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.

2. Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

3. 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.

Remarks:

	/s/ Angela Grant, Attorney-in-Fact	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Palomar (PLMR) president Jon Christianson report in this Form 4?

He reported RSU-related equity activity. 1,020 RSUs vested into common stock and 522 shares were automatically sold to cover tax withholding, leaving him with 66,478 common shares held directly afterward.

How many Palomar (PLMR) shares does Jon Christianson hold after these transactions?

After the reported transactions, his direct holdings total 66,478 common shares. This figure includes 2,471 shares previously purchased through Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan, as disclosed in the footnotes.

What RSU grant is involved in Jon Christianson’s Palomar (PLMR) Form 4?

The activity relates to an original RSU grant of 20,396 units dated November 18, 2021. The grant vests in annual tranches over three years, then 1,020 units quarterly after the third anniversary, subject to continued service.

How many Palomar (PLMR) RSUs remain outstanding for Jon Christianson?

Following the latest vesting, the derivative holdings table shows 2,040 restricted stock units (RSUs) remaining. These RSUs are convertible into Palomar common stock under the award’s existing vesting schedule and terms described in the footnotes.