Christianson Jon 4
4 · Palomar Holdings, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Palomar (PLMR) President Jon Christianson Exercises Options and Sells 1,937 Shares
What Happened Jon Christianson, President of Palomar Holdings, exercised 1,937 option shares on April 15, 2026 at an exercise price of $15.00 per share (cost $29,055). He then sold those 1,937 shares in open-market transactions the same day for total gross proceeds of about $249,143 (1,857 shares at a weighted avg $128.5921 totaling $238,796; 80 shares at a weighted avg $129.3333 totaling $10,347). Net of the exercise cost, proceeds were roughly $220,088 before taxes and fees. The filing shows the exercised option shares were also reported as a derivative disposition ($0), consistent with a same-day exercise-and-sell (sell-to-cover/cashless) pattern.
Key Details
- Transaction date: 2026-04-15; Form filed 2026-04-16 (timely).
- Exercise: 1,937 shares at $15.00; total cost $29,055.
- Sales: 1,857 shares at weighted avg $128.5921 ($238,796) and 80 shares at weighted avg $129.3333 ($10,347); total sales ≈ $249,143.
- Footnotes: F2 notes the sales occurred at prices in ranges $128.01–$128.96 and $129.16–$129.43 (weighted averages reported). F1 indicates 2,410 shares in the filing include purchases under the company’s 2019 ESPP. F3 describes the option vesting schedule (50% vested 4/16/2020, remainder in monthly installments thereafter).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This is an option exercise followed by immediate sale of the resulting shares — a common insider liquidity action (often called a sell-to-cover or cashless exercise). Such transactions are routine and do not, by themselves, signal a change in insider conviction.
- The filing appears timely (filed one day after the transaction date), and the filing offers to provide per-price sale details on request as noted in the footnote.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-15$15.00/sh+1,937$29,055→ 67,856 total - Sale
Common Stock
[F2][F1]2026-04-15$128.59/sh−1,857$238,796→ 65,999 total - Sale
Common Stock
[F2][F1]2026-04-15$129.33/sh−80$10,347→ 65,919 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-04-15−1,937→ 0 totalExercise: $15.00Exp: 2029-04-16→ Common Stock (1,937 underlying)
Footnotes (3)
- [F1]Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.0100 to $128.9600 (weighted average of $128.5921), inclusive; $129.1600 to $129.4300 (weighted average of $129.3333), inclusive. The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F3]Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in twelve (12) equal monthly installments thereafter.