Palomar (PLMR) President Jon Christianson Sells Shares

What Happened
Jon Christianson, President of Palomar Holdings (PLMR), had restricted stock units (RSUs) vest on 2026-08-18. The RSU conversion resulted in 1,020 shares being issued to him at $0 (reported as an exercise/conversion). To cover statutory tax withholding, 528 of those shares were sold in an open-market transaction at $127.75 each, generating $67,450 in proceeds. The filing also reports the RSU disposition (the derivative) as a separate line — this is reporting mechanics showing the RSU award settled.

Key Details

• Transaction date: 2026-08-18; Form 4 filed: 2026-08-20 (timely).
• Shares acquired via RSU conversion: 1,020 shares @ $0.00.
• Shares sold to cover taxes: 528 shares @ $127.75 = $67,450.
• Filing reports a derivative disposition (1,020 shares) reflecting settlement of the RSU award (reported separately from the acquired common shares).
• Footnote F1: The share sale was a mandatory sell-to-cover by the company to satisfy statutory tax withholding on RSU vesting.
• Footnote F2: The reporting holdings include 2,471 shares purchased under the company ESPP.
• Footnote F3: Original RSU grant was 20,396 shares (11/18/2021) with a multi-year vesting schedule that includes 1,020 units that vest quarterly after the third anniversary.
• Shares owned following the transaction are not specified in the Form 4.

Context
This was not a cash purchase—Christianson’s RSUs vested (converted to common shares at no cash cost) and the company executed a sell-to-cover for taxes. Such sell-to-cover transactions are routine for vested equity awards and do not necessarily indicate a change in the insider’s view of the company.