YOU Form 4: Director Peter Scher Receives 5,636 Shares via RSU Vest

Q: How many Clear Secure (YOU) shares did Director Peter Scher acquire?

He received 5,636 Class A shares upon RSU vesting on 1 Aug 2025.

Q: How many RSUs does the director still hold after the filing?

Scher retains 11,272 unvested RSUs scheduled to vest equally in 2026 and 2027.

Q: What is the vesting schedule for the remaining RSUs?

One-third vests on 1 Aug 2026 and the final third on 1 Aug 2027, subject to continued service.

[Form 4] Palomar Holdings, Inc. Common stock Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Clear Secure, Inc. (YOU) 鈥� Form 4 insider filing: Director Peter Scher received 5,636 Class A shares on 1 Aug 2025 at $0 per share upon vesting of an equal number of restricted stock units (RSUs). The share issuance is part of a three-year RSU schedule: one-third vested on 1 Aug 2025, with the remaining thirds scheduled for 1 Aug 2026 and 1 Aug 2027, conditional on continued service. After the transaction, Scher directly owns 5,636 shares and retains 11,272 unvested RSUs. No shares were sold and no cash transactions occurred, so there is no immediate impact on the company鈥檚 cash flows or share count beyond the standard dilution from equity compensation.

Positive

Director equity alignment: Vesting adds 5,636 shares to insider鈥檚 direct ownership, modestly increasing skin-in-the-game through 2027.

Negative

None.

Insights

TL;DR: Routine RSU vest; director now holds 5.6k shares, 11.3k RSUs; negligible dilution, neutral signal.

The Form 4 discloses automatic conversion of RSUs into Class A shares for board member Peter Scher. The M code indicates a non-discretionary vesting event rather than an open-market buy, so it does not necessarily signal bullish sentiment. The stake鈥攔oughly 0.01% of the 149 m shares outstanding鈥攊s immaterial and results in de minimis dilution. Remaining unvested RSUs extend through 2027, aligning director incentives with long-term performance. Overall, the filing is routine and non-impactful.

TL;DR: Standard equity comp aligns director interests; no governance red flags.

The staggered three-year vesting schedule promotes board continuity and long-term alignment, typical for tech-enabled service firms like Clear Secure. No accelerated vesting or unusual option pricing is evident. The attorney-in-fact signature signals proper delegation. From a governance standpoint, this is standard practice with no adverse implications.

08/04/2025 - 08:11 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Herve Rodolphe

(Last)

(First)

(Middle)

7979 IVANHOE AVENUE, SUITE 500

(Street)

LA JOLLA, CA

92037

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Palomar Holdings, Inc. [ PLMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								127⁽²⁾	D
Common Stock (RSUs)	07/31/2025		M		1,077	A	$0.00	1,204⁽²⁾	D
Common Stock (RSUs)	07/31/2025		S⁽¹⁾		397	D	$130.1	807⁽²⁾	D
Common Stock (RSUs)	07/31/2025		M		1,992	A	$0.00	2,799⁽²⁾	D
Common Stock (RSUs)	07/31/2025		S⁽¹⁾		733	D	$130.1	2,066⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSUs)	$0.00	07/31/2025		M			1,077	⁽³⁾	⁽³⁾	Common Stock	1,077	$0.00	2,154	D
Restricted Stock Units (RSUs)	$0.00	07/31/2025		M			1,992	⁽⁴⁾	⁽⁴⁾	Common Stock	1,992	$0.00	3,983	D

Explanation of Responses:

1. 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.

2. Includes 127 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

3. The original RSU grant was for 3,231 shares on 7/31/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.

4. The original RSU grant was for 5,975 shares on 7/31/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.

Remarks:

	Angela Grant, as Attorney-in-fact	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How many Clear Secure (YOU) shares did Director Peter Scher acquire?

He received 5,636 Class A shares upon RSU vesting on 1 Aug 2025.

Was the transaction an open-market purchase?

No. It was an automatic RSU conversion (code M) at $0 per share, not an optional buy.

How many RSUs does the director still hold after the filing?

Scher retains 11,272 unvested RSUs scheduled to vest equally in 2026 and 2027.

Does this filing materially affect Clear Secure鈥檚 share count?

Dilution is immaterial鈥攐nly 5,636 new shares relative to roughly 149 million outstanding.

What is the vesting schedule for the remaining RSUs?

One-third vests on 1 Aug 2026 and the final third on 1 Aug 2027, subject to continued service.

AG真人官方

[Form 4] Palomar Holdings, Inc. Common stock Insider Trading Activity

Insights

FAQ

How many Clear Secure (YOU) shares did Director Peter Scher acquire?

Was the transaction an open-market purchase?

How many RSUs does the director still hold after the filing?

Does this filing materially affect Clear Secure鈥檚 share count?

What is the vesting schedule for the remaining RSUs?

NASDAQ:PLMR

PLMR Rankings

PLMR Latest News

PLMR Latest SEC Filings

PLMR Stock Data

AG真人官方

Trending News

[Form 4] Palomar Holdings, Inc. Common stock Insider Trading Activity

Insights

Securities Analyst neutral

Corporate Governance Expert neutral

FAQ

How many Clear Secure (YOU) shares did Director Peter Scher acquire?

Was the transaction an open-market purchase?

How many RSUs does the director still hold after the filing?

Does this filing materially affect Clear Secure鈥檚 share count?

What is the vesting schedule for the remaining RSUs?

NASDAQ:PLMR

PLMR Rankings

PLMR Latest News

PLMR Latest SEC Filings

PLMR Stock Data