Palomar Holdings, Inc. — Director's Dealing 2021

Jan 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Palomar Holdings, Inc. (PLMR)
CIK: 0001761312
Period of Report: 2021-01-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-21	Common Stock	M	12500	$15.00	Acquired	13587	Direct
2021-01-21	Common Stock	G	12500	—	Disposed	1087	Direct
2021-01-21	Common Stock	A	12500	—	Acquired	747888	Indirect
2021-01-21	Common Stock	S	2100	$96.1493	Disposed	745788	Indirect
2021-01-21	Common Stock	S	3232	$97.1621	Disposed	742556	Indirect
2021-01-21	Common Stock	S	6768	$97.805	Disposed	735788	Indirect
2021-01-21	Common Stock	S	400	$99.00	Disposed	735388	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-21	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 $95.4900 to $96.4800 (weighted average of $$96.1493), inclusive; $96.5200 to $97.5000 (weighted average of $97.1621), inclusive; $97.5200 to $98.4100 (weighted average of $97.805), inclusive; and $99.0000 to $99.0000, inclusive (weighted average of $99.00). 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."