Palomar Holdings files Form 144 for $122k insider share sale

Rhea-AI Filing Summary

Palomar Holdings, Inc. (PLMR) – Form 144 filing (Rule 144 Notice of Proposed Sale)

The filing discloses a planned disposition of 787 common shares through Morgan Stanley Smith Barney LLC, targeting the NASDAQ on or after 26-27 June 2025. Based on the stated aggregate market value of $122,543, the implied transaction price is roughly $155.8 per share.

The selling securityholder acquired the stock as restricted stock compensation on the same date and holds a separate block of 1,312 restricted shares. There are 26.7 million shares outstanding; therefore, the proposed sale represents less than 0.003 % of total shares, indicating minimal dilution or market supply pressure.

No other sales were disclosed for the past three months, and the signer affirms no undisclosed material adverse information exists. The form contains no financial performance data, corporate developments, or executive changes.

Investor takeaway: The notice is routine, low-volume, and unlikely to affect share price or corporate fundamentals. Its importance is chiefly procedural, signalling potential liquidity by an insider or employee receiving equity compensation, without indicating a change in strategic outlook or financial health.

Insights

Securities Analyst

TL;DR: Routine <1k-share Form 144; negligible at 0.003 % of float—no valuation impact expected.

The submission signals an insider’s intent to sell 787 shares, translating to about $120k in proceeds. With 26.7 million shares outstanding, the float impact is immaterial and should not influence liquidity or price discovery. Absence of concurrent sales or adverse disclosures confirms the administrative nature. I categorise the event as neutral, noting only that investors may monitor cumulative Form 144 volumes for trend analysis.

Corporate Governance Expert

TL;DR: Standard Rule 144 compliance; no governance red flags detected.

The filer attests to possessing no undisclosed negative information, aligning with Rule 144 and 10b5-1 safeguards. There is no indication of accelerated selling, gifting, or complex consideration—the shares stem from routine equity compensation. Governance observers should see this as compliance rather than a signal of insider sentiment.

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

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 SMITHBARNEY LLC EXECUTIVE FINANCIAL SERVICES 1 NEW YORK PLAZA 38TH FLOOR NEW YORK NY 10004	787	122543.00	26735132	06/27/2025	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	06/27/2025	Restricted Stock	Issuer			1312	06/27/2025	Compensation

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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

Why did Palomar Holdings (PLMR) file Form 144?

To notify the SEC of a proposed sale of 787 common shares under Rule 144, ensuring regulatory compliance before insider disposition.

How many PLMR shares are being sold under this notice?

787 common shares, representing about 0.003 % of the 26.7 million shares outstanding.

What is the estimated value of the shares to be sold?

The aggregate market value listed is $122,543, implying roughly $155.8 per share.

When is the planned sale date for the PLMR shares?

The filer lists an approximate sale date of 06/27/2025 on the NASDAQ.

Does the filing indicate any financial or operational issues at Palomar Holdings?

No. The filer certifies there is no material adverse non-public information; the filing is purely procedural.

Were any other insider sales reported in the last three months?

No. The form states "Nothing to Report" for prior 3-month insider sales.