Christianson Jon 4

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.