Knutzen Jonathan 4/A
4/A · Palomar Holdings, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Palomar (PLMR) CRO Jonathan Knutzen Sells Shares After RSU Vest
What Happened
Jonathan Knutzen, Chief Risk Officer of Palomar Holdings (PLMR), had restricted stock units vest on 2026-01-29 and converted/received a total of 2,664 shares (1,230 + 1,434) at $0 per share. To cover tax withholding, 1,230 shares were automatically sold (sell-to-cover). In addition, 381 shares were sold in an open-market transaction at $122.04 per share for proceeds of $46,498. The filings were amended to correct the transaction date.
Key Details
- Transaction date: 2026-01-29 (amended filing submitted 2026-02-04 to correct date originally reported on 2026-02-02).
- Derivative conversions (code M): 1,230 shares acquired at $0.00 and 1,230 shares disposed (sell-to-cover); 1,434 shares disposed at $0.00 — these reflect RSU vesting/conversion.
- Open-market sale (code S): 381 shares sold at $122.04 for $46,498.
- Footnotes: F1 = mandatory sell-to-cover to satisfy statutory tax withholding; F3/F4 = these amounts represent one-third vesting portions from RSU grants dated 1/29/2024 (3,692 shares) and 1/29/2025 (4,302 shares). F2 notes 1,386 shares were purchased under the company ESPP (disclosed in the filing). F5 = this is an amended filing correcting a clerical error in the original filing.
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
The M-code transactions reflect RSU vesting/conversion (no cash exercise price) with an automatic sell-to-cover for taxes plus an additional open-market sale. These are routine administrative transactions tied to compensation vesting rather than an outright, discretionary buy signal; purchases (when present) tend to be more informative about insider confidence. The amended Form 4 corrected the transaction date in an earlier timely filing.
Insider Transaction Report
- Exercise/Conversion
Common Stock (RSUs)
[F5][F2]2026-01-29+1,230→ 26,039 total - Sale
Common Stock (RSUs)
[F5][F1][F2]2026-01-29$122.04/sh−381$46,498→ 25,658 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F5][F3]2026-01-29−1,230→ 1,231 totalExercise: $0.00→ Common Stock (1,230 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F5][F4]2026-01-29−1,434→ 2,868 totalExercise: $0.00→ Common Stock (1,434 underlying)
Footnotes (5)
- [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 1,386 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- [F3]The original RSU grant was for 3,692 shares on 1/29/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.
- [F4]The original RSU grant was for 4,302 shares on 1/29/2025. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.
- [F5]This amended filing corrects the transaction date on a form previously filed on 2/2/2026 which contained the wrong transaction date due to a clerical error.