Christianson Jon 4

4 · Palomar Holdings, Inc. · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Palomar (PLMR) President Jon Christianson Sells 522 Shares After RSU Vest

What Happened

Jon Christianson, President of Palomar Holdings (PLMR), had restricted stock units (RSUs) convert into 1,020 common shares on 2026-02-18 (reported as an “exercise or conversion of derivative” at $0.00). As part of the RSU settlement, 522 shares were disposed in an open-market sale at $128.04 for proceeds of $66,837. The filing also reports a 1,020-share derivative disposition (reported at $0), reflecting settlement mechanics of the award. This activity was primarily an RSU vest/settlement event rather than a discretionary purchase.

Key Details

Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely).
Sales: 522 shares sold at $128.04 each, proceeds $66,837.
Conversions: 1,020 RSUs converted to common shares (reported at $0.00).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Notable footnotes:
- F1: The 522 shares were automatically sold by the company to cover minimum statutory tax withholding from the RSU vest (mandatory sell-to-cover).
- F3: The RSU grant originates from a 11/18/2021 award of 20,396 RSUs with a scheduled vesting pattern; 1,020 units vest quarterly following the third anniversary (explains today’s 1,020-unit conversion).
- F2: Indicates 2,410 shares were acquired via the company’s 2019 ESPP (affects holdings disclosure).
No indication this is a 10% owner transaction; appears to be routine executive award settlement rather than a market timing sale.

Context

The “M” code (exercise/conversion of derivative) here reflects RSUs settling into common stock. The mandatory sell-to-cover (F1) is a common tax-withholding mechanism and does not necessarily indicate the insider is selling additional shares for investment reasons. For retail investors, purchases tend to be stronger positive signals than routine vest-and-withhold transactions; this filing mainly documents award settlement and associated tax withholding.

Form 4

Period: 2026-02-18

President

Transactions

Exercise/Conversion
Common Stock (RSUs)
[F2]
2026-02-18+1,020→ 66,441 total
Sale
Common Stock (RSUs)
[F1][F2]
2026-02-18$128.04/sh−522$66,837→ 65,919 total
Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]
2026-02-18−1,020→ 3,060 total
Exercise: $0.00→ Common Stock (1,020 underlying)

Footnotes (3)

[F1]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.
[F2]Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
[F3]The original RSU grant was for 20,396 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 4,079 units shall vest on the first year anniversary of the date of the grant; 4,079 units shall vest on the second year anniversary of the date of the grant; 4,078 units shall vest on the third year anniversary of the date of grant; and 1,020 units shall vest quarterly following the third anniversary date of the grant.

Signature

/s/ Angela Grant, Attorney-in-Fact|2026-02-20

1 file