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.

Insights

Corporate Governance Expert

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.

Securities/Market Analyst

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Armstrong Mac

(Last) (First) (Middle)

7979 IVANHOE AVENUE, SUITE 500

(Street)

LA JOLLA CA 92037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Palomar Holdings, Inc. [ PLMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								73,245(1)	D
Common Stock	08/21/2025		S		600	D	$125.1276(2)	381,788	I	By Armstrong Family Trust
Common Stock	08/21/2025		S		1,000	D	$126.092(2)	380,788	I	By Armstrong Family Trust
Common Stock	08/21/2025		S		3,400	D	$126.9549(2)	377,388	I	By Armstrong Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 2,555 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

2. 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.

Remarks:

	/s/ Angela Grant, Attorney-in-Fact	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for PLMR and what is their role?

The filing was made by Armstrong Mac, who is listed as Director and CEO and Chairman of Palomar Holdings, Inc.

What transactions are reported on the 08/21/2025 Form 4 for PLMR?

The Form 4 reports three open-market sales on 08/21/2025: 600 shares at a weighted-average $125.1276, 1,000 at $126.0920, and 3,400 at $126.9549.

How many PLMR shares does the reporting person beneficially own after the transactions?

Following the reported sales, the filing shows 377,388 shares beneficially owned, held indirectly through the Armstrong Family Trust.

Were any shares acquired per the filing or through company plans?

A footnote states that 2,555 shares were purchased pursuant to the Palomar Holdings 2019 Employee Stock Purchase Plan (ESPP).

Did the filer indicate the transactions were part of a trading plan?

Yes. The form's checkbox indicates the transaction was made pursuant to a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).