Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, Inc. (NASDAQ:PLMR), filed a Form 4 on August 20, 2026, reporting the vesting of 612 restricted stock units and the automatic sale of 296 shares on August 18, 2026, to cover statutory tax withholding obligations.

Key Highlights

  • RSU vesting: 612 restricted stock units converted to common stock on August 18, 2026, at $0.00 acquisition price via transaction code M.
  • Shares sold: 296 shares were disposed of at $127.7456 per share on August 18, 2026, under a mandatory sell-to-cover provision for tax withholding.
  • Resulting ownership: Following the transactions, Knutzen directly held 28,250 shares of common stock, including 1,410 shares purchased under the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
  • Original RSU grant: The underlying RSU grant was for 12,238 shares made on November 18, 2021, with a quarterly vesting schedule following the third anniversary of the grant date.
  • Derivative securities remaining: 612 restricted stock units remain listed in Table II as beneficially owned following the reported transactions.

RSU Vesting and Mandatory Tax-Withholding Sale at Palomar Holdings

According to the filing, Jonathan Knutzen, serving as Chief Risk Officer of Palomar Holdings, Inc., reported two transactions in Table I on August 18, 2026. First, 612 shares of common stock were acquired through the vesting of restricted stock units (transaction code M) at a price of $0.00. Second, 296 shares were disposed of (transaction code S) at a price of $127.7456 per share. The filing states that the sale "represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event."

The filing notes that the beneficial ownership total of 28,250 shares following the transactions includes 1,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). All reported shares are held directly. The original RSU grant, made on November 18, 2021, covered 12,238 shares. According to the filing, the vesting schedule provided for 2,448 units on the first anniversary, 2,447 units on the second anniversary, 2,447 units on the third anniversary, and 612 units vesting quarterly following the third anniversary date of the grant.

Table II of the filing reflects that 612 restricted stock units remain beneficially owned directly by the reporting person following the reported transactions, with a conversion or exercise price of $0.00. The Form 4 was signed by Angela Grant as Attorney-in-Fact on August 20, 2026.

What Was Disclosed

Palomar Holdings Chief Risk Officer Jonathan Knutzen disclosed the vesting of 612 RSUs and the automatic sale of 296 shares at $127.7456 each to satisfy tax withholding, leaving him with direct ownership of 28,250 shares of common stock as of August 18, 2026.