Knutzen Jonathan 4

What Happened Jonathan Knutzen, Chief Risk Officer of Palomar Holdings (PLMR), had 612 restricted stock units (RSUs) convert into common shares on 2026-02-18 (reported as an M-code "exercise/conversion" at $0.00). Of those, 281 shares were sold in an open-market transaction at $128.04 each for proceeds of $35,979. The remaining 331 shares from the vesting event were retained (net of the sell-to-cover).

Key Details

• Transaction date(s): 2026-02-18 (reported on Form 4 filed 2026-02-20).
• Sales: 281 shares sold at $128.04 for $35,979.
• Conversion: 612 RSU shares converted/exercised at $0.00 (RSU vesting).
• Net effect: +331 shares added to Knutzen’s holdings from this vesting after the automatic sell-to-cover.
• Footnotes: F1 = automatic sell-to-cover of shares to satisfy minimum tax withholding; F3 = original RSU grant details and vesting schedule; F2 notes prior ESPP purchases (1,386 shares) are included in holdings disclosures.
• Filing timeliness: Reported 2 days after the transaction date (filed timely).

Context

• The M-code reflects RSU conversion (not stock-option exercise for cash); the immediate sale of some shares was a routine sell-to-cover to satisfy tax-withholding obligations, per the award agreement — not necessarily a signal about the executive’s view of the stock.
• The sale proceeds (~$36K) are modest; purchases (when present) typically carry more weight as a bullish signal. This filing mainly documents routine vesting and tax-related share disposition.