Palomar (PLMR) CEO Armstrong Reports 5,000-Share Sale on Form 4
Rhea-AI Filing Summary
Armstrong Mac, identified as CEO and Chairman of Palomar Holdings, Inc. (PLMR), filed a Form 4 reporting sales of Palomar common stock on 08/21/2025. The filing shows three sale transactions: 600 shares at a weighted-average price of $125.1276, 1,000 shares at $126.0920, and 3,400 shares at $126.9549, totaling 5,000 shares sold that day. Post-transaction beneficial ownership is reported as 377,388 shares, held indirectly through the Armstrong Family Trust. A footnote notes 2,555 shares were purchased under the company ESPP and prices shown are weighted averages for multiple trades.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sales by the CEO and Chairman were disclosed; holdings remain significant and held indirectly via a family trust.
The Form 4 documents routine open-market sales totaling 5,000 shares executed the same day and reports continued indirect beneficial ownership through the Armstrong Family Trust. The filing includes a footnote clarifying that 2,555 shares relate to the company ESPP and that reported prices are weighted averages across multiple trades. This is a standard Section 16 disclosure of insider transactions rather than a disclosure of any corporate action.
TL;DR: Multiple small sales at prices around $125–$127 were reported; the insider still holds hundreds of thousands of shares indirectly.
The transaction sizes (600, 1,000, 3,400) and weighted-average prices are explicitly reported. The post-sale beneficial ownership remains at 377,388 shares, indicating the sales did not materially change the insider's overall stake. The filer also certified the sales under a Rule 10b5-1 plan as indicated on the form's checkbox. No derivative transactions or amendments are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 600 | $125.1276 | $75K |
| Sale | Common Stock | 1,000 | $126.092 | $126K |
| Sale | Common Stock | 3,400 | $126.9549 | $432K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 2,555 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.50 to $125.38 (weighted average of $125.1276), inclusive; $125.55 to $126.43 (weighted average of $126.0920), inclusive; $126.55 to $127.47 (weighted average of $126.9549), The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
