Palomar (PLMR) Form 4 shows 612 RSUs vest and share sale

Rhea-AI Filing Summary

Palomar Holdings, Inc. (PLMR) reported a Form 4 for its Chief Risk Officer following equity award activity on 11/18/2025. The filing shows that 612 restricted stock units (RSUs) were converted into common shares at an exercise price of $0.00, reflecting a scheduled vesting from a prior grant.

On the same date, 281 shares of common stock were sold at $128.84 per share, described as an automatic sell-to-cover transaction to satisfy minimum statutory tax withholding obligations tied to the RSU vesting. After these transactions, the reporting person beneficially owns 21,565 shares, including 1,386 shares acquired through Palomar’s 2019 Employee Stock Purchase Plan.

The activity relates to an original RSU grant of 12,238 units made on 11/18/2021, which vests in scheduled annual tranches and then in quarterly installments, subject to continued service with the company.

Insider Trade Summary

Net Seller: 281 shares ($36,204)

Net Sell 3 txns

Insider Knutzen Jonathan

Role Chief Risk Officer

Sold 281 shs ($36K)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	612	$0.00	--
Exercise	Common Stock (RSUs)	612	$0.00	--
Sale	Common Stock (RSUs)	281	$128.84	$36K

Holdings After Transaction: Restricted Stock Units — 2,448 shares (Direct); Common Stock (RSUs) — 21,846 shares (Direct)

Footnotes (1)

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 1,386 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). The original RSU grant was for 12,238 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 2,448 units shall vest on the first year anniversary of the date of the grant; 2,447 units shall vest on the second year anniversary of the date of the grant; 2,447 units shall vest on the third year anniversary of the date of grant; and 612 units shall vest quarterly following the third anniversary date of the grant.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Knutzen Jonathan

(Last) (First) (Middle)

7979 IVANHOE AVENUE, SUITE 500

(Street)

LA JOLLA CA 92037

(City) (State) (Zip)

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)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock (RSUs)	11/18/2025		M		612	A	$0.00	21,846(2)	D
Common Stock (RSUs)	11/18/2025		S(1)		281	D	$128.84	21,565(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.00	11/18/2025		M			612	(3)	(3)	Common Stock	612	$0.00	2,448	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 1,386 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

3. The original RSU grant was for 12,238 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 2,448 units shall vest on the first year anniversary of the date of the grant; 2,447 units shall vest on the second year anniversary of the date of the grant; 2,447 units shall vest on the third year anniversary of the date of grant; and 612 units shall vest quarterly following the third anniversary date of the grant.

Remarks:

	/s/ Angela Grant, Attorney-in-Fact	11/20/2025
	** 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.

FAQ

What insider transaction did Palomar Holdings (PLMR) report on this Form 4?

The Form 4 reports that Palomar’s Chief Risk Officer had 612 RSUs convert into common stock at an exercise price of $0.00, and a related sale of shares to cover taxes on 11/18/2025.

How many Palomar (PLMR) shares were sold and at what price?

The reporting person sold 281 shares of Palomar common stock at a price of $128.84 per share. The filing states this was an automatic sale to cover minimum statutory tax withholding obligations from the RSU vesting.

How many Palomar (PLMR) shares does the insider own after these transactions?

Following the reported transactions, the insider beneficially owns 21,565 shares of Palomar common stock, as disclosed in the Form 4.

Does the insider’s Palomar (PLMR) holding include shares from the ESPP?

Yes. The filing notes that the total beneficial ownership includes 1,386 shares purchased under the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan.

What is the background of the RSU grant reported for Palomar (PLMR)?

The RSU activity relates to an original grant of 12,238 restricted stock units awarded on 11/18/2021. The grant vests in annual tranches of 2,448 units, then 2,447 units in each of the next two years, with 612 units vesting quarterly after the third anniversary, subject to continued service.

What is the reporting person’s role at Palomar Holdings (PLMR)?

The reporting person is identified as an Officer of Palomar Holdings, Inc., serving in the role of Chief Risk Officer, and filed the Form 4 as an individual reporting person.