Palomar CEO trust sells 3,500 company shares
Palomar Holdings, Inc. director and CEO Mac Armstrong reported indirect open-market sales of 3,500 shares of Palomar common stock held by the Armstrong Family Trust on April 21, 2026.
Rhea-AI Filing Summary
Palomar Holdings, Inc. director and CEO Mac Armstrong reported indirect open-market sales of 3,500 shares of Palomar common stock held by the Armstrong Family Trust on April 21, 2026. The shares, reported as RSUs, were sold in three trades at weighted-average prices around $129.91, $131.11, and $131.73, within specified intraday price ranges.
Following these transactions, Armstrong’s reported direct ownership was 102,059 shares, which includes 2,754 shares purchased under the company’s 2019 Employee Stock Purchase Plan. Indirect holdings by the Armstrong Family Trust were reported at up to 338,266 shares after the sales.
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Insider Trade Summary 10b5-1
Net Seller: 3,500 shares
Net Sell
4 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,500 shs ($458K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock (RSUs) | 1,622 | $129.9052 | $211K |
| Sale | Common Stock (RSUs) | 678 | $131.1113 | $89K |
| Sale | Common Stock (RSUs) | 1,200 | $131.7333 | $158K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (RSUs) — 336,388 shares (Indirect, By Armstrong Family Trust);
Common Stock — 102,059 shares (Direct)
Footnotes (2)
- F1. Includes 2,754 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.48 to $130.46 (weighted average of $129.9052), inclusive; $130.48 to $131.32 (weighted average of $131.1113); and $131.50 to $132.01 (weighted average of $131.7333). 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: 3,500 shares
Sale price range: $129.48–$132.01
Weighted-average prices: $129.9052, $131.1113, $131.7333
+3 more
6 metrics
Shares sold
3,500 shares
Indirect open-market sales on April 21, 2026
Sale price range
$129.48–$132.01
Intraday price ranges cited in footnote
Weighted-average prices
$129.9052, $131.1113, $131.7333
Three RSU sale blocks on April 21, 2026
Direct holdings after
102,059 shares
Common Stock directly held following transactions
Indirect holdings after
338,266 shares
Common Stock (RSUs) by Armstrong Family Trust after trades
ESPP shares included
2,754 shares
Purchased under 2019 Employee Stock Purchase Plan
Key Terms
Restricted Stock Units (RSUs), open-market sale, weighted average price, Employee Stock Purchase Plan (ESPP), +1 more
5 terms
Restricted Stock Units (RSUs) financial
"security_title: "Common Stock (RSUs)" for the sold shares"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
open-market sale financial
"transaction_action: "open-market sale" for the S-coded trades"
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.
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.
Employee Stock Purchase Plan (ESPP) financial
"shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)"
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By Armstrong Family Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palomar (PLMR) report for Mac Armstrong?
Mac Armstrong reported indirect open-market sales of 3,500 Palomar shares through the Armstrong Family Trust. The Form 4 shows three sales of RSU shares on April 21, 2026, while he continues to hold a substantial direct and indirect ownership position.
Were the Palomar (PLMR) insider sales made directly by Mac Armstrong?
The reported sales were made by the Armstrong Family Trust, an indirect holding attributed to Mac Armstrong. The Form 4 lists the ownership type as indirect and describes the nature of ownership as “By Armstrong Family Trust” for the 3,500 shares sold.
What does the Form 4 say about Palomar (PLMR) ESPP purchases?
A footnote states that Armstrong’s direct holdings include 2,754 shares purchased under Palomar Holdings, Inc.’s 2019 Employee Stock Purchase Plan. This clarifies that a portion of his 102,059 directly held shares came from employee stock purchase activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
