Christianson Jon 4

What Happened
Jon Christianson, President of Palomar Holdings (PLMR), had 1,020 restricted stock units (RSUs) convert into 1,020 common shares on May 18, 2026. Of those, 522 shares were sold in an open-market transaction at $115.26 each for proceeds of $60,166. The filing records the RSU conversion (acquisition) and the related disposition of the derivative RSU instrument.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (appears timely).
• Conversions/Exercised: 1,020 shares acquired through RSU conversion (derivative code M) at $0.00.
• Sale: 522 shares sold on the open market at $115.26 for $60,166.
• Net from this vesting: 1,020 vested — 522 sold to cover taxes => 498 shares remained from this vesting event.
• Footnotes: F1 — the 522-share sale was a mandatory sell-to-cover for statutory tax withholding; F3 — these RSUs came from a 11/18/2021 grant (20,396 total) with a scheduled vesting pattern that includes 1,020 units vesting quarterly after the third anniversary; F2 notes 2,471 shares from the ESPP are included in reported holdings.
• Shares owned after transaction: full total holdings not specified in the provided excerpt (see filing for complete beneficial ownership).

Context
This was a routine RSU vesting with a partial sell-to-cover for taxes, not an open-market sell initiated as an investment view. The conversion is recorded as both an acquisition of shares and disposition of the derivative RSU instrument on Form 4. Sales to cover withholding are common and do not necessarily indicate the insider's view on the stock.