Grant Angela L. 4

What Happened

• Angela L. Grant, Chief Legal Officer of Palomar Holdings (PLMR), had restricted stock units (RSUs) convert to common shares and sold a portion to cover tax withholding. The filing shows conversions of 1,094, 1,006 and 713 RSU shares (reported as derivative exercises/conversions) and open-market sales of 397, 365 and 260 shares respectively. The three sales produced total gross proceeds of $124,651 (397 @ $122.04 = $48,451; 365 @ $122.04 = $44,546; 260 @ $121.75 = $31,654). These were routine sell-to-cover transactions tied to RSU vesting rather than discretionary sell decisions.

Key Details

• Filing date: 2026-02-02. Report period shown: 2026-01-29 (transactions dated 2025-01-29, 2026-01-29 and 2026-01-31 per the filing).
• Conversions/exercises (derivative M): 1,094; 1,006; 713 shares (reported at $0 because these are RSU conversions).
• Open-market sales (S): 397 @ $122.04; 365 @ $122.04; 260 @ $121.75 — total proceeds ≈ $124,651.
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 = mandatory sell-to-cover by the company to satisfy minimum statutory tax withholding on RSU vesting. F2–F4 describe the original RSU grants and vesting schedules (2024 grant of 3,282 shares, 2025 grant of 3,019 shares, 2023 grant of 2,138 shares; each vests one-third per year).
• No late filing flag was indicated in the provided information.

Context

• These entries reflect RSU vesting and immediate partial sale to cover taxes (a common, routine administrative action), not an outright open-market sell indicating investment conviction. The derivative lines represent the conversion/vesting of RSUs (not a cash option exercise), and the subsequent sales are consistent with a mandatory sell-to-cover provision.