Palomar president sells shares after option exercise
Palomar Holdings, Inc. President Jon Christianson reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. President Jon Christianson reported an exercise-and-sell transaction in company stock. On July 2, 2026, he exercised options to acquire 6,863 shares of common stock at strike prices of $49.53 and $87.51 per share and sold 6,863 shares in open-market sales at $139.50 per share. Following these transactions, he directly owns 66,478 shares of Palomar common stock, which include 2,471 shares previously purchased under the company’s 2019 Employee Stock Purchase Plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 6,863 shares ($449K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Christianson Jon
Role
President
Sold
6,863 shs ($957K)
Approx. gross sale proceeds
$957K
Approx. exercise cost
$508K
Approx. pre-tax spread
$449K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 2,434 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 4,429 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,434 | $49.53 | $121K |
| Sale | Common Stock | 2,434 | $139.50 | $340K |
| Exercise | Common Stock | 4,429 | $87.51 | $388K |
| Sale | Common Stock | 4,429 | $139.50 | $618K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 8,246 contracts (Direct);
Common Stock — 66,478 shares (Direct)
Footnotes (3)
- 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 twenty-four (24) month period.
- F3. 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
Shares sold: 6,863 shares
Sale price: $139.50/share
Options exercised: 6,863 shares
+5 more
8 metrics
Shares sold
6,863 shares
Open-market sales of common stock on July 2, 2026
Sale price
$139.50/share
Price for reported open-market sales of common stock
Options exercised
6,863 shares
Total underlying common shares from option exercises
Option strike price 1
$87.51/share
Exercise price for 4,429 underlying common shares
Option strike price 2
$49.53/share
Exercise price for 2,434 underlying common shares
Post-transaction holdings
66,478 shares
Common shares directly owned after transactions
ESPP shares included
2,471 shares
Shares purchased via 2019 Employee Stock Purchase Plan
Option expiration dates
July 30, 2030 and January 26, 2032
Original expiration dates for exercised option grants
Key Terms
open-market sale, derivative exercise/conversion, Employee Stock Option (Right to Buy), 2019 Employee Stock Purchase Plan (ESPP), +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock sales"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for option exercises"
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
2019 Employee Stock Purchase Plan (ESPP) financial
"shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)"
vesting financial
"the options shall vest as follows: 25% shall vest on the first year anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Palomar (PLMR) disclose for President Jon Christianson?
Palomar disclosed that President Jon Christianson exercised options and sold common stock. On July 2, 2026, he exercised options for 6,863 shares and sold 6,863 shares in open-market transactions at $139.50 per share, leaving him with direct ownership of 66,478 shares.
What option exercise prices were reported in the Palomar (PLMR) Form 4?
The filing reports option exercises for 6,863 underlying shares at strike prices of $87.51 and $49.53 per share. These employee stock options, each tied to common stock, were exercised on July 2, 2026, immediately before the corresponding open-market stock sales.
What does the Palomar (PLMR) Form 4 reveal about Jon Christianson’s employee stock options?
The Form 4 shows Christianson exercised employee stock options covering 6,863 underlying shares of common stock at strike prices of $87.51 and $49.53. The derivative summary indicates these specific option positions were fully exercised, with no remaining derivative balance from those grants after the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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