Christianson Jon 4

What Happened Jon Christianson, President of Palomar Holdings (PLMR), exercised stock option awards and sold the resulting shares the same day (July 2, 2026). He exercised 2,434 options at $49.53 (cost $120,556) and 4,429 options at $87.51 (cost $387,582), for a total of 6,863 shares acquired via exercise. Those 6,863 shares were sold in open-market transactions at $139.50 per share, producing gross sale proceeds of $339,543 (for the 2,434 shares) and $617,846 (for the 4,429 shares), or about $957,389 total.

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (filed within required reporting window).
• Exercise details: 2,434 shares at $49.53 (cost $120,556) and 4,429 shares at $87.51 (cost $387,582).
• Sales: same-day open-market sales of those shares at $139.50 each, total gross proceeds ≈ $957,389.
• Aggregate shares involved: 6,863 shares (exercised and sold).
• The filing also shows derivative "disposed" entries at $0 for the same share amounts; the Form 4 does not provide further explanation for those zero-dollar derivative disposals.
• Footnotes: F1 notes inclusion of 2,471 shares purchased under the company ESPP; F2 and F3 describe vesting schedules (25% after one year, remainder vesting monthly over 24 or 36 months).
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• This was an exercise-plus-sale (shares exercised from options and sold that same day), which is often done to realize option value or cover exercise/tax costs; the filing shows no separate open-market purchases (P) — the result is a net sale of the exercised shares.
• For retail investors: exercises followed by immediate sales are routine for insiders exercising compensation awards and do not by themselves indicate a change in long-term view. The filing appears timely and routine in form.