Palomar Holdings, Inc. — Director's Dealing 2021

Feb 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palomar Holdings, Inc. (PLMR)
CIK: 0001761312
Period of Report: 2021-02-23

Reporting Person: Armstrong Mac (Director, CEO and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Stock	M	12500	$15.00	Acquired	13587	Direct
2021-02-23	Common Stock	G	12500	—	Disposed	1087	Direct
2021-02-23	Common Stock	A	12500	—	Acquired	747888	Indirect
2021-02-23	Common Stock	S	1937	$85.2837	Disposed	745951	Indirect
2021-02-23	Common Stock	S	3004	$86.035	Disposed	742947	Indirect
2021-02-23	Common Stock	S	2924	$87.2087	Disposed	740023	Indirect
2021-02-23	Common Stock	S	4235	$88.2395	Disposed	735788	Indirect
2021-02-23	Common Stock	S	400	$88.9975	Disposed	735388	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Employee Stock Option (right to buy)	$15.00	M	12500	Disposed	2029-04-16	Common Stock (12500)	Direct

Footnotes

F1: Shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.73 to $85.69 (weighted average of $85.2837), inclusive; $85.75 to $86.70 (weighted average of $86.035), inclusive; $86.77 to $87.67 (weighted average of $87.2087), inclusive; $87.82 to $88.80 (weighted average of $88.2395), inclusive; and $88.85 to $89.15, inclusive (weighted average of $88.9975). 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.

F4: Fifty percent (50%) of the option shares granted vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in twelve (12) equal monthly installments thereafter."