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Filing Details

Accession Number:: 0001214659-22-009751
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-08 17:50:37
Reporting Period:: 2022-08-04

Accepted Time:: 2022-08-08 17:50:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1761312	Palomar Holdings Inc.	PLMR	Fire, Marine & Casualty Insurance (6331)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1772383	Mac Armstrong	7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Ceo And Chairman	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock (Rsus)	Acquisiton	2022-07-15	25,000	$0.00	28,701	No	4	M	Direct
Common Stock (Rsus)	Disposition	2022-07-15	11,914	$55.79	16,787	No	4	F	Direct
Common Stock	Disposition	2022-08-04	47,949	$70.20	641,439	No	4	S	Indirect	By Armstrong Family Trust
Common Stock	Disposition	2022-08-05	4,400	$70.53	637,039	No	4	S	Indirect	By Armstrong Family Trust
Common Stock	Disposition	2022-08-05	24,835	$71.63	612,204	No	4	S	Indirect	By Armstrong Family Trust
Common Stock	Disposition	2022-08-05	7,326	$72.52	604,878	No	4	S	Indirect	By Armstrong Family Trust
Common Stock	Disposition	2022-08-05	12	$73.20	604,866	No	4	S	Indirect	By Armstrong Family Trust
Common Stock	Disposition	2022-08-08	11,478	$72.77	593,388	No	4	S	Indirect	By Armstrong Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	S	Indirect	By Armstrong Family Trust
No	4	S	Indirect	By Armstrong Family Trust
No	4	S	Indirect	By Armstrong Family Trust
No	4	S	Indirect	By Armstrong Family Trust
No	4	S	Indirect	By Armstrong Family Trust
No	4	S	Indirect	By Armstrong Family Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2022-07-15	25,000	$0.00	25,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
100,000			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,701	Direct
Common Stock	689,388	Indirect	By Armstrong Family Trust

Footnotes

Includes 1,470 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.96 (weighted average of $70.2013), inclusive; and $70.00 to $70.97 (weighted average of $70.5326), inclusive; and $71.00 to $71.98 (weighted average of $71.6302), inclusive; and $72.00 to 72.99 (weighted average of $72.5185), 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.
The original RSU grant was for 125,000 shares on 7/15/2021. Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 25,000 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date; after the third anniversary of the Grant Date/Vesting Base Date, 6,250 shares shall vest on a quarterly basis thereafter, until fully vested.