Christianson Jon 4

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.