Uchida T Christopher 4

What Happened
Christopher Uchida, Chief Financial Officer of Palomar Holdings (PLMR), had restricted stock units (RSUs) vest on Jan. 29 and Jan. 31, 2026 (total 4,403 shares converted). As part of the vesting, 1,871 shares were sold in open-market transactions for aggregate proceeds of about $228,180. The RSU conversions show $0 exercise/strike price (these were vested RSUs converting to common shares), and the share sales were executed at roughly $121.74–$122.04 per share. These sales were routine sell-to-cover transactions to satisfy tax withholding obligations rather than a standalone discretionary sale for investment purposes.

Key Details

• Transaction dates and prices:
  • 2026-01-29: 1,408 RSUs converted; 511 shares sold at $122.04 for $62,364.
  • 2026-01-29: 1,941 RSUs converted; 815 shares sold at $122.04 for $99,465.
  • 2026-01-31: 1,054 RSUs converted; 545 shares sold at $121.74 for $66,351.
• Total RSUs vested/converted: 4,403 shares (1,408 + 1,941 + 1,054).
• Total shares sold: 1,871 shares for approximately $228,180.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Sales were automatic sell-to-cover by the company to cover minimum statutory tax withholding due on RSU vesting.
  • F2–F4: Each converted amount equals one-third vesting of prior RSU grants (1/3 vest on each annual anniversary of original grant dates in 2023–2025).
• Filing: Form 4 filed 2026-02-02 reporting transactions on 2026-01-29 and 2026-01-31 (within the usual Form 4 reporting window).

Context
The (M) derivative code and $0 acquisition price reflect conversion/vesting of RSUs (not option exercises requiring cash). Because a portion of the vested shares were sold immediately in sell-to-cover transactions to satisfy tax withholding, these sales are administrative and do not necessarily signal a change in the insider’s view of the company.