Palomar (PLMR) Rule 144 Notice Shows Recent 10b5-1 Sales

Rhea-AI Filing Summary

Palomar Holdings, Inc. (PLMR) Form 144 notice reports proposed and recent sales of common stock by holders associated with the ARMSTRONG FAMILY TRUST. The filer lists a proposed sale of 5,000 shares to be executed on 09/22/2025 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $579,200 based on the filing. The trust acquired 5,000 of those shares as restricted stock units on 07/15/2023. The filing also discloses four sales during the past three months totaling 18,191 shares with gross proceeds shown for each sale (largest listed proceeds $790,694.50 on 06/23/2025). The notice includes the required representation about absence of undisclosed material nonpublic information and references reliance on Rule 10b5-1 sales plans for some transactions.

Positive

• Compliance with Rule 144 and 10b5-1 is documented, showing procedural adherence for planned insider sales
• Transaction detail provided (share counts, dates, gross proceeds) enables transparent investor scrutiny

Negative

• Insider sell volume is non-trivial: 23,191 shares disclosed (past three months plus proposed sale), which represents a measurable disposition against 26,783,465 outstanding shares
• No context on intent or company performance is provided, so sales could be interpreted negatively despite procedural compliance

Insights

Financial Analyst

TL;DR Recent and planned insider sales total 23,191 shares, indicating ownership dispositions via 10b5-1 plans.

The filing documents a proposed sale of 5,000 shares valued at $579,200 and prior 10b5-1 and trust sales totaling 18,191 shares in the past three months with reported gross proceeds for each trade. The filer identifies acquisition of 5,000 shares as restricted stock units on 07/15/2023, which were later sold under disclosed plans. From an analytical perspective, the filing presents clear transactional detail—quantities, proceeds, and dates—allowing investors to quantify insider liquidity events relative to the issuer's reported outstanding shares of 26,783,465. The data are factual and permit calculation of insider sell volumes as a percentage of outstanding shares, but the filing contains no information about motivations or company performance.

Corporate Governance Expert

TL;DR The filer used 10b5-1 plans and a Rule 144 notice, demonstrating procedural compliance for scheduled insider sales.

The document shows reliance on Rule 10b5-1 sales arrangements for several transactions and includes the required attestations under Form 144 regarding material nonpublic information. This indicates the selling parties followed standard disclosure and planning procedures to lawfully effect dispositions of restricted awards and trust holdings. The filing does not disclose any departures from governance norms or unexpected executive actions; it is a routine compliance filing reporting insider liquidity rather than operational developments.

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	579200.00	26783465	09/22/2025	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			5000	07/15/2023	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	08/21/2025	5000	632815.00
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 does the PLMR Form 144 disclose about proposed sales?

The filing discloses a proposed sale of 5,000 common shares on 09/22/2025 via Morgan Stanley Smith Barney LLC with an aggregate market value of $579,200.

How many PLMR shares were sold in the past three months by the filer?

The filing lists four sales in the past three months totaling 18,191 shares with reported gross proceeds for each transaction.

Were the sold shares recently acquired or restricted?

Yes. The filing shows 5,000 shares were acquired as restricted stock units on 07/15/2023 and listed for sale in this notice.

Does the filing indicate reliance on a trading plan?

Yes. Several transactions are labeled as 10b5-1 sales, and the Form 144 includes the standard representation regarding Rule 10b5-1 adoption and lack of undisclosed material information.

What is the issuer's number of shares outstanding shown in the filing?

The filing reports 26,783,465 shares outstanding for the issuer.