Armstrong Family Trust Continues Palomar Stock Sales with New $778K Transaction

Rhea-AI Filing Summary

A Form 144 has been filed for Palomar Holdings indicating a proposed sale of 5,000 shares of common stock with an aggregate market value of $778,350. The sale is planned to be executed through Morgan Stanley Smith Barney LLC on the NASDAQ exchange, with an approximate sale date of June 23, 2025.

The shares were originally acquired as Restricted Stock Units from the issuer on January 26, 2024. The filing also discloses previous sales by the Armstrong Family Trust over the past 3 months:

• May 21, 2025: 5,000 shares sold for $809,798
• April 21, 2025: 5,000 shares sold for $727,032
• April 15, 2025: 3,202 shares sold for $490,042

These transactions appear to be part of a 10b5-1 trading plan. The company currently has 26,742,141 shares outstanding.

Positive

• None.

Negative

• Insider (Armstrong Family Trust) has executed multiple sales totaling 13,202 shares over 3 months with planned additional sale of 5,000 shares, suggesting consistent selling pressure from a significant holder

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5000	778350.00	26742141	06/23/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/26/2024	Restricted Stock Units	Issuer			5000	01/26/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Common	05/21/2025	5000	809798.00
10b5-1 Sales for ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Common	04/21/2025	5000	727032.00
ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Common	04/15/2025	3202	490041.76

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many PLMR shares are being sold according to the June 2025 Form 144 filing?

According to the Form 144 filing, 5,000 shares of PLMR common stock are proposed to be sold through Morgan Stanley Smith Barney LLC at an aggregate market value of $778,350.00.

What is the recent trading history of PLMR shares by the Armstrong Family Trust in 2025?

The Armstrong Family Trust made three recent sales: 5,000 shares on May 21, 2025 ($809,798), 5,000 shares on April 21, 2025 ($727,032), and 3,202 shares on April 15, 2025 ($490,041.76). These were 10b5-1 planned sales for the first two transactions.

What is the total outstanding shares of PLMR stock as of June 2025?

According to the Form 144 filing, PLMR has 26,742,141 shares outstanding as of June 2025.

How did the seller acquire the PLMR shares being sold?

The shares were acquired on January 26, 2024 through Restricted Stock Units (RSUs) issued by the company. The filing indicates 5,000 RSUs were acquired, with the nature of payment listed as 'N/A' since they were granted as equity compensation.