Palomar (NASDAQ: PLMR) family trust plans 3,500-share sale
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) received a notice that the ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 intends to sell 3,500 shares of Palomar common stock under Rule 144 through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ. The shares relate to Performance Stock Units acquired from the issuer on 07/15/2026. The trust has also reported prior 10b5-1 plan sales of Palomar common stock during the past three months.
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Key Figures
Shares to be sold: 3,500 shares of common stock
Aggregate market value of planned sale: $451,045.00
Prior 10b5-1 sale on 06/22/2026: 3,500 shares for $395,355.45
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5 metrics
Shares to be sold
3,500 shares of common stock
Planned Rule 144 sale by ARMSTRONG FAMILY TRUST
Aggregate market value of planned sale
$451,045.00
Value associated with 3,500 shares to be sold
Prior 10b5-1 sale on 06/22/2026
3,500 shares for $395,355.45
Common stock sold by ARMSTRONG FAMILY TRUST
Prior 10b5-1 sale on 07/21/2026
3,500 shares for $480,424.35
Common stock sold by ARMSTRONG FAMILY TRUST
Acquisition date of shares to be sold
07/15/2026
Performance Stock Units acquired from issuer
Key Terms
Rule 144, 10b5-1, Performance Stock Units, Form 144
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10b5-1 regulatory
"10b5-1 Sales for ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Performance Stock Units financial
"Common | 07/15/2026 | Performance Stock Units | Issuer"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
FAQ
What does the Form 144 filed for PLMR disclose?
It discloses that the ARMSTRONG FAMILY TRUST U/A DTD 04/07/2011 intends to sell 3,500 shares of Palomar Holdings, Inc. common stock under Rule 144 through Morgan Stanley Smith Barney LLC Executive Financial Services.
What prior 10b5-1 sales of PLMR stock does the Form 144 list?
It lists two 10b5-1 plan sales by the ARMSTRONG FAMILY TRUST: 3,500 shares of common stock sold on 06/22/2026 for $395,355.45 and another 3,500 shares sold on 07/21/2026 for $480,424.35.
AI-generated analysis. How Rhea-AI works. Not financial advice.