Christianson Jon 4/A

What Happened

• Jon Christianson, President of Palomar Holdings, exercised options and sold the resulting shares on April 7, 2026. He exercised 3,000 option shares at $15.00 per share (cost $45,000), and those 3,000 shares were sold in an open-market transaction at $125.00 per share for gross proceeds of $375,000. The filing also reports a related derivative conversion/disposition tied to the exercise.

Key Details

• Transaction date: 2026-04-07
• Option exercise: 3,000 shares exercised at $15.00 each — total exercise cost $45,000 (reported as acquisition)
• Open-market sale: 3,000 shares sold at $125.00 each — gross proceeds $375,000 (reported as disposition)
• Derivative line: 3,000 shares reported as conversion/disposition at $0.00 (reflects conversion/settlement of the derivative instrument)
• Shares owned after transaction: Not specified in the provided excerpt of the filing
• Footnotes: F1 — this is an amended Form 4 correcting the original filing to show the option exercise and related sale; F2 — beneficial ownership includes 2,410 shares from the company ESPP; F3 — vesting schedule for the option (50% vested April 16, 2020, remainder in 12 monthly installments)
• Timeliness: This report is an amendment to the Form 4 originally filed April 8, 2026 to correct reporting; no indication in the amendment that the underlying transactions were filed late

Context

• This appears to be an exercise of vested stock options followed by an immediate sale of the acquired shares (a common cashless/settle-and-sell pattern). The amended filing simply clarifies that an option exercise occurred in addition to the open-market sale. As with all insider activity, the filing is factual and does not state the insider’s motivation.