Palomar (PLMR) president exercises options, sells 2,017 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. President Jon Christianson reported an option exercise and related stock sales. On April 15, 2026, he exercised 1,937 employee stock options at an exercise price of $15.0000 per share, acquiring the same number of common shares.
That same day he sold 1,937 shares of Palomar common stock in open-market transactions at weighted average prices of about $128.5921 and $129.3333 per share, plus an additional 80 shares at a weighted average price of $129.3333 per share. After these transactions, Christianson directly owned 65,999 shares of Palomar common stock. A footnote notes that 2,410 of his shares were purchased through the company’s 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,937 shares ($249,142)
Net Sell
4 txns
Insider
Christianson Jon
Role
President
Sold
1,937 shs ($249K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 1,937 | $0.00 | -- |
| Exercise | Common Stock | 1,937 | $15.00 | $29K |
| Sale | Common Stock | 1,857 | $128.5921 | $239K |
| Sale | Common Stock | 80 | $129.3333 | $10K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 67,856 shares (Direct)
Footnotes (1)
- Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.0100 to $128.9600 (weighted average of $128.5921), inclusive; $129.1600 to $129.4300 (weighted average of $129.3333), inclusive. The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in twelve (12) equal monthly installments thereafter.
Key Figures
Options exercised: 1,937 shares
Exercise price: $15.0000/share
Shares sold (total): 1,937 shares
+5 more
8 metrics
Options exercised
1,937 shares
Employee stock options exercised on April 15, 2026 at $15.00
Exercise price
<money>$15.0000</money>/share
Employee Stock Option (Right to Buy)
Shares sold (total)
1,937 shares
Open-market sales on April 15, 2026
Additional shares sold
80 shares
Separate open-market sale on April 15, 2026
Weighted average sale price 1
<money>$128.5921</money>/share
Sales in range $128.0100–$128.9600
Weighted average sale price 2
<money>$129.3333</money>/share
Sales in range $129.1600–$129.4300
Shares owned after
65,999 shares
Direct Palomar common stock ownership after transactions
ESPP shares included
2,410 shares
Purchased under 2019 Employee Stock Purchase Plan
Key Terms
Employee Stock Option (Right to Buy), weighted average price, Employee Stock Purchase Plan (ESPP), vest and become exercisable, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Purchase Plan (ESPP) financial
"Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
vest and become exercisable financial
"Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020..."
open-market sale financial
"transaction_action: "open-market sale""
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.
FAQ
What did Palomar (PLMR) President Jon Christianson do in this Form 4 filing?
Jon Christianson reported exercising stock options and selling Palomar shares. He exercised 1,937 options at $15.00 per share, then sold 1,937 shares in open-market trades, plus an additional 80 shares, and ended with 65,999 shares directly owned.
What stock options did Jon Christianson exercise in Palomar (PLMR)?
He exercised 1,937 employee stock options with a $15.00 exercise price into an equal number of Palomar common shares. The option grant originally vested 50% on April 16, 2020, with the remainder vesting in twelve equal monthly installments thereafter.
Were Jon Christianson’s Palomar (PLMR) stock sales single trades or multiple transactions?
The sales were executed as multiple transactions. A footnote explains that the reported prices are weighted averages for trades within ranges of $128.01 to $128.96 and $129.16 to $129.43, and that detailed trade-by-trade data is available upon request.
What happens to Jon Christianson’s Palomar (PLMR) stock options after this Form 4?
The Form 4 shows an employee stock option for 1,937 shares being fully exercised, leaving zero options remaining from that grant. The option had a $15.00 exercise price and an expiration date of April 16, 2029, prior to its exercise into common stock.