Palomar (PLMR) CEO’s family trust sells 3,500 shares, holdings updated
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. director, CEO and Chairman Mac Armstrong reported insider transactions involving shares held directly and through the Armstrong Family Trust. On June 22, 2026, the Armstrong Family Trust completed two open-market sales totaling 3,500 shares of Palomar common stock (classified as RSUs), with 1,495 shares sold at a weighted average price of $113.2784 and 2,005 shares sold at a weighted average price of $112.7204. After these sales, the trust’s indirect holdings reported in this filing increased to 330,883 shares, while Armstrong’s direct ownership stood at 102,059 shares, which includes 2,754 shares purchased through the company’s 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,500 shares ($395,356)
Net Sell
3 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,500 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock (RSUs) | 2,005 | $112.7204 | $226K |
| Sale | Common Stock (RSUs) | 1,495 | $113.2784 | $169K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (RSUs) — 330,883 shares (Indirect, By Armstrong Family Trust);
Common Stock — 102,059 shares (Direct, null)
Footnotes (1)
- Includes 2,754 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 $112.16 to $113.11 (weighted average of $112.7204), inclusive; $113.19 to $113.50 (weighted average of $113.2784). 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.
Key Figures
Shares sold (first trade): 1,495 shares at $113.2784
Shares sold (second trade): 2,005 shares at $112.7204
Total shares sold: 3,500 shares
+3 more
6 metrics
Shares sold (first trade)
1,495 shares at $113.2784
Open-market sale on June 22, 2026 by Armstrong Family Trust
Shares sold (second trade)
2,005 shares at $112.7204
Open-market sale on June 22, 2026 by Armstrong Family Trust
Total shares sold
3,500 shares
Net insider sales reported in this Form 4
Indirect holdings after trades
330,883 shares
Armstrong Family Trust position after June 22, 2026 sales
Direct holdings after trades
102,059 shares
Mac Armstrong direct ownership reported in Form 4
ESPP shares included
2,754 shares
Purchased under 2019 Employee Stock Purchase Plan
Key Terms
open-market sale, Armstrong Family Trust, Employee Stock Purchase Plan (ESPP), weighted average price
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Armstrong Family Trust financial
"nature_of_ownership": "By Armstrong Family Trust""
Employee Stock Purchase Plan (ESPP) financial
"purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transactions did Palomar (PLMR) report for Mac Armstrong?
Mac Armstrong reported two open-market sales by the Armstrong Family Trust totaling 3,500 Palomar shares on June 22, 2026. The filing also shows updated direct and indirect share holdings after these transactions.
What prices were received in the June 22, 2026 Palomar (PLMR) insider sales?
The Armstrong Family Trust’s sales were executed at weighted average prices of $113.2784 for 1,495 shares and $112.7204 for 2,005 shares. Individual trade prices ranged within narrow bands around these averages.
What does the Palomar (PLMR) filing say about ESPP purchases for Mac Armstrong?
The filing notes that Armstrong’s direct holdings include 2,754 shares purchased through Palomar Holdings, Inc.’s 2019 Employee Stock Purchase Plan (ESPP). This clarifies that a portion of his direct position comes from employee stock purchase activity.