FICK JEFFREY D 4

What Happened

• Jeffrey D. Fick, Chief Legal Officer of RLI Corp (RLI), received a derivative equity award covering 7,500 shares on 2026-05-14. The filing shows an acquisition price of $0.00 (no cash paid by the insider at grant). This was a grant/award (transaction code A), not a sale or exercise.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (timely).
• Award: 7,500 shares (derivative award) at $0.00 reported.
• Shares owned after transaction: Not reported in this filing.
• Footnote: F1 — The grant is subject to an option schedule where 20% of the aggregate number may be exercised commencing one year from the grant date and each year thereafter in 20% increments (i.e., a five-year schedule).
• No evidence in this filing of an exercise or sale of shares; no immediate cash proceeds to the insider.

Context

• This filing documents a compensation grant (derivative award/options) rather than a market purchase or sale. The footnote indicates the award vests/ becomes exercisable over five years (20% per year), so the insider cannot immediately convert all 7,500 into marketable shares. Grants like this are common as part of executive compensation and do not by themselves indicate buying or selling sentiment.