Christianson Jon 4
4 · Palomar Holdings, Inc. · Filed Jul 21, 2026
Research Summary
AI-generated summary of this filing
Palomar (PLMR) President Jon Christianson Exercises Options, Sells Shares
What Happened Jon Christianson, President of Palomar Holdings, exercised options to acquire 3,000 shares at an exercise price of $87.51 per share (total cost $262,530) on July 20, 2026. The same day he sold 3,000 shares in an open-market transaction at $139.50 per share for total gross proceeds of $418,500. The filing also lists a separate derivative disposition of 3,000 shares at $0 (no cash exchanged); the filing does not provide additional detail on that line.
Key Details
- Transaction dates: July 20, 2026 (filed July 21, 2026 — timely).
- Exercise: 3,000 shares at $87.51 = $262,530 (transaction code M).
- Sale: 3,000 shares at $139.50 = $418,500 (transaction code S).
- Additional line: disposition of 3,000 derivative units at $0 (reported as M/Disposed); no cash shown and no further explanation in the filing.
- Shares owned after the transactions: not specified in the provided data.
- Footnotes:
- F1: Includes 2,471 shares purchased pursuant to the 2019 ESPP.
- F2: Vesting schedule note for options — 25% at one year, then monthly over 36 months.
- No 10b5-1 plan or late filing is indicated in the provided information.
Context Because the exercise and sale occurred the same day, this appears to be a cash-neutral pattern commonly used to realize gains from vested options (exercise followed by immediate market sale). The derivative disposition at $0 is reported but not explained in the filing. This transaction is factual reporting of insider activity and does not by itself indicate the insider’s future view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-07-20$87.51/sh+3,000$262,530→ 69,478 total - Sale
Common Stock
[F1]2026-07-20$139.50/sh−3,000$418,500→ 66,478 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F2]2026-07-20−3,000→ 5,246 totalExercise: $87.51Exp: 2030-07-30→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- [F2]Subject to such person's continuing service with the Company, the options shall vest as follows: 25% shall vest on the first year anniversary of the Grant Date/Vesting Base Date with the remaining shares vesting in equal monthly installments over the subsequent thirty-six (36) month period.