Palomar (PLMR) Rule 144 Filing Discloses 5,000-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

Notice of proposed sale of common stock under Rule 144 by an affiliate/trust. The filing lists proposed and recent sales of Palomar Holdings, Inc. (common stock) through Morgan Stanley Smith Barney LLC. The filing shows a proposed sale of 5,000 shares with an aggregate market value of $625,350, noting 26,783,465 shares outstanding and an approximate sale date of 08/21/2025 on NASDAQ. Acquisition details indicate the shares were received as restricted stock units on 07/15/2023 (4,347 units) and 01/31/2024 (653 units). The document also records prior 10b5-1 and trust sales totaling 13,191 shares across 06/23/2025, 07/15/2025, and 07/21/2025 with listed gross proceeds.

Insights

Securities Analyst

TL;DR: Insider/trust sales are disclosed; transactions are routine Rule 144 and 10b5-1 sales by an affiliate/trust.

The filing documents a proposed Rule 144 sale of 5,000 common shares via Morgan Stanley Smith Barney and lists recent 10b5-1 and trust sales totaling 13,191 shares with stated gross proceeds. Acquisition history shows the securities originated from restricted stock units granted by the issuer in 2023 and 2024. The filing complies with Rule 144 disclosure requirements by reporting broker, number of shares, market value, outstanding shares, and prior sales. From an investor-information perspective, this is a routine disclosure of affiliate sales rather than an operational or financial disclosure about the company.

Corporate Governance Expert

TL;DR: The notice documents planned and recent sales under established trading mechanisms; no governance red flags are evident from these entries alone.

The form lists the relationship to the issuer indirectly by showing sales by an identified family trust and RSU origins, and includes the standard attestation about absence of undisclosed material information. Sales are executed through a broker and include references to Rule 10b5-1 plans. Based solely on the disclosed items, these are properly documented equity dispositions consistent with executive/affiliate compensation and trading plans; the filing does not provide additional governance context such as intent or timing beyond required disclosures.

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	625350.00	26783465	08/21/2025	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	07/15/2023	Restricted Stock Units	Issuer			4347	07/15/2023	N/A
Common	01/31/2024	Restricted Stock Units	Issuer			653	01/31/2024	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	07/21/2025	5000	700505.50
ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Common	07/15/2025	3191	456632.10
10b5-1 Sales for ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 7979 Ivanhoe Avenue, Suite 500 La Jolla CA 92037	Common	06/23/2025	5000	790694.50

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

What shares of PLMR are proposed for sale under this Rule 144 filing?

The filing shows a proposed sale of 5,000 common shares with an aggregate market value of $625,350 and an approximate sale date of 08/21/2025 on NASDAQ.

Who is the broker handling the proposed sale in the PLMR Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

How were the securities to be sold acquired according to the filing?

The securities were acquired as restricted stock units: 4,347 units on 07/15/2023 and 653 units on 01/31/2024 from the issuer.

Does the filing report recent sales by the same person or trust?

Yes. The filing lists recent sales by the ARMSTRONG FAMILY TRUST and 10b5-1 sales totaling 13,191 shares on 06/23/2025, 07/15/2025, and 07/21/2025 with reported gross proceeds for each sale.

What assurance does the filer give about undisclosed material information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed, per the form's attestation language.