PLMR CFO updates holdings after 1,530 RSUs vest and partial sale

Q: What insider transaction did Palomar (PLMR) report in this Form 4?

The Chief Financial Officer of Palomar Holdings, Inc. (PLMR) reported the conversion of 1,530 RSUs into common stock on November 18, 2025 , followed by an automatic sale of 782 shares to cover tax withholding obligations.

Q: How many Palomar (PLMR) shares does the CFO beneficially own after the transaction?

Following the reported transactions, the CFO directly owns 7,916 shares of Palomar common stock and 6,120 restricted stock units (RSUs) .

Q: What was the sale price of the Palomar (PLMR) shares sold to cover taxes?

The 782 shares of Palomar common stock sold under the mandatory sell-to-cover provision were sold at a price of $128.84 per share .

Q: What are the vesting terms of the CFO’s 30,594 Palomar RSU grant?

The original grant of 30,594 RSUs from November 18, 2021 vests as follows: 6,118 units on each of the first, second, and third anniversaries of the grant date, and 1,530 units vest quarterly after the third anniversary.

Q: Did Palomar indicate why some shares were sold in this Form 4?

Yes. The filing states that the 782 shares were automatically sold by the company under a mandatory sell-to-cover provision in the RSU award agreement to satisfy minimum statutory tax withholding obligations upon vesting.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Palomar Holdings, Inc. (PLMR) reported a Form 4 for its Chief Financial Officer related to restricted stock units (RSUs) granted on November 18, 2021. On November 18, 2025, 1,530 RSUs were converted into common stock at an exercise price of $0.00. Of these shares, 782 were automatically sold by the company at $128.84 per share under a mandatory sell-to-cover provision to satisfy minimum tax withholding obligations triggered by the vesting.

After these transactions, the reporting person directly owns 7,916 shares of common stock and 6,120 RSUs. The filing clarifies that the original grant of 30,594 RSUs vests as 6,118 units on each of the first three anniversaries of the grant date, with 1,530 units vesting quarterly following the third anniversary, updating prior vesting terms that were stated erroneously.

Insider Trade Summary

Net Seller: 782 shares ($100,753)

Net Sell 3 txns

Insider Uchida T Christopher

Role Chief Financial Officer

Sold 782 shs ($101K)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (RSUs)	1,530	$0.00	--
Exercise	Common Stock	1,530	$0.00	--
Sale	Common Stock	782	$128.84	$101K

Holdings After Transaction: Restricted Stock Units (RSUs) — 6,120 shares (Direct); Common Stock — 8,698 shares (Direct)

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. The original RSU grant was for 30,594 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 6,118 units shall vest on the first year anniversary of the date of the grant; 6,118 units shall vest on the second year anniversary of the date of the grant; 6,118 units shall vest on the third year anniversary of the date of grant; and 1,530 units shall vest quarterly following the third anniversary date of the grant. These vesting terms reflect updates from the vesting terms stated on the original form 4, filed November 18, 2021, due to erroneous vesting terms being stated on the original form 4.

Form 4 Insider Transactions: What Each Field Means →

11/20/2025 - 07:42 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^*

Uchida T Christopher

(Last)

(First)

(Middle)

7979 IVANHOE AVENUE, SUITE 500

(Street)

LA JOLLA

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 Financial 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)
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	11/18/2025		M		1,530	A	$0.0000	8,698	D
Common Stock	11/18/2025		S⁽¹⁾		782	D	$128.84	7,916	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	11/18/2025		M			1,530	⁽²⁾	⁽²⁾	Common Stock	1,530	$0.00	6,120	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. The original RSU grant was for 30,594 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 6,118 units shall vest on the first year anniversary of the date of the grant; 6,118 units shall vest on the second year anniversary of the date of the grant; 6,118 units shall vest on the third year anniversary of the date of grant; and 1,530 units shall vest quarterly following the third anniversary date of the grant. These vesting terms reflect updates from the vesting terms stated on the original form 4, filed November 18, 2021, due to erroneous vesting terms being stated on the original form 4.

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.

Source: View Original Filing on SEC EDGAR

FAQ

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

The Chief Financial Officer of Palomar Holdings, Inc. (PLMR) reported the conversion of 1,530 RSUs into common stock on November 18, 2025, followed by an automatic sale of 782 shares to cover tax withholding obligations.

How many Palomar (PLMR) shares does the CFO beneficially own after the transaction?

Following the reported transactions, the CFO directly owns 7,916 shares of Palomar common stock and 6,120 restricted stock units (RSUs).

What was the sale price of the Palomar (PLMR) shares sold to cover taxes?

The 782 shares of Palomar common stock sold under the mandatory sell-to-cover provision were sold at a price of $128.84 per share.

What are the vesting terms of the CFO’s 30,594 Palomar RSU grant?

The original grant of 30,594 RSUs from November 18, 2021 vests as follows: 6,118 units on each of the first, second, and third anniversaries of the grant date, and 1,530 units vest quarterly after the third anniversary.

Did Palomar indicate why some shares were sold in this Form 4?

Yes. The filing states that the 782 shares were automatically sold by the company under a mandatory sell-to-cover provision in the RSU award agreement to satisfy minimum statutory tax withholding obligations upon vesting.

Does this Palomar (PLMR) Form 4 change the total RSUs outstanding for the CFO?

After 1,530 RSUs vested and converted into common stock, the CFO continues to hold 6,120 RSUs according to the filing.