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Directors' Trust for RLI (RLI) board member receives 425.6 shares via plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RLI Corp director Debbie Sharell Roberts, through a Directors' Trust, reported an indirect acquisition of 425.6044 shares of common stock on 02/02/2026 at $58.74 per share. The shares were allocated under the RLI Corp. Non-Employee Directors Deferred Compensation Plan.

Following this allocation, the Directors' Trust held a total of 26,536.1024 shares of RLI common stock. Reported holdings were adjusted for a 2-for-1 stock split on 01/15/25, and the ownership amount reflects dividend reinvestment.

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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*
Roberts Debbie Sharell

(Last) (First) (Middle)
9025 N. LINDBERGH DRIVE

(Street)
PEORIA IL 61615

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RLI CORP [ RLI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026
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 02/02/2026 J(1) 425.6044 A $58.74 26,536.1024(2)(3) I Directors' Trust
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
Explanation of Responses:
1. Securities herein were allocated pursuant to the RLI Corp. Non-Employee Directors Deferred Compensation Plan.
2. Adjusted to reflect 2-for-1 stock split on 01/15/25.
3. Ownership reflects dividend reinvestment.
/s/ Jeffrey D. Fick, Attorney-in-Fact 02/03/2026
** 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.

FAQ

What insider transaction did RLI (RLI) report for Debbie Sharell Roberts?

RLI reported that a Directors' Trust associated with director Debbie Sharell Roberts acquired 425.6044 shares of RLI common stock on 02/02/2026. The shares were allocated under the Non-Employee Directors Deferred Compensation Plan at a price of $58.74 per share.

How many RLI shares does the Directors' Trust hold after the reported transaction?

After the reported allocation, the Directors' Trust held 26,536.1024 shares of RLI common stock. This total reflects adjustments for a 2-for-1 stock split on 01/15/25 and includes shares accumulated through dividend reinvestment as noted in the filing footnotes.

What is the nature of Debbie Sharell Roberts’ ownership in RLI shares?

The reported RLI shares are held indirectly through a Directors' Trust rather than directly by Debbie Sharell Roberts. The filing classifies her ownership as indirect (I), with the trust designated as the nature of beneficial ownership in the transaction table.

What does the transaction code J mean in the RLI Form 4 filing?

In this RLI Form 4, the transaction is labeled with code J, and the footnote explains that the securities were allocated pursuant to the RLI Corp. Non-Employee Directors Deferred Compensation Plan. This indicates an allocation under a compensation arrangement rather than an open-market purchase.

How did the 2-for-1 stock split affect the reported RLI share holdings?

The filing states that reported share amounts were adjusted to reflect a 2-for-1 stock split on 01/15/25. This means the share figures in the Form 4 already incorporate the split, doubling pre-split quantities when presenting the current beneficial ownership.

Why do RLI share holdings in the Form 4 include fractional shares?

The RLI Form 4 shows fractional share holdings because ownership reflects dividend reinvestment. Under dividend reinvestment programs, cash dividends are used to buy additional shares, which can result in fractional share amounts like 425.6044 or 26,536.1024 shares.
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