Palomar (PLMR) Insider Sale: Armstrong Disposes of 5,000 Shares

Rhea-AI Filing Summary

Palomar Holdings, Inc. (PLMR) insider report: Mac Armstrong, listed as CEO and Chairman, filed a Form 4 disclosing sales of common stock on 09/22/2025. The filing shows two open-market sales totaling 5,000 shares—2,300 shares at a weighted-average price of $115.5431 and 2,700 shares at a weighted-average price of $116.4228. The report notes inclusion of 2,652 shares purchased under the company's 2019 ESPP. Post-transaction beneficial ownership levels are reported as 375,088 and 372,388 shares (indirect via the Armstrong Family Trust).

Positive

• None.

Negative

• Reported insider sales totaling 5,000 shares on 09/22/2025 (2,300 shares at a weighted-average price of $115.5431 and 2,700 shares at a weighted-average price of $116.4228).
• Form 4 indicates beneficial ownership remains indirect via the Armstrong Family Trust, with post-transaction holdings reported as 375,088 and 372,388 shares.

Insights

Corporate Governance Expert

TL;DR: Routine insider sales by CEO/Chairman; filings are timely and include ESPP purchases.

The Form 4 reports that Mac Armstrong, serving as both CEO and Chairman, disposed of 5,000 shares in two transactions on 09/22/2025 and retains significant indirect holdings via the Armstrong Family Trust. The filing includes a footnote disclosing 2,652 shares acquired under the 2019 ESPP and provides weighted-average sale prices and a commitment to supply per-price breakdowns on request. This is a standard Section 16 disclosure; the dual role and large remaining beneficial stake are governance-relevant but the filing itself shows no procedural irregularities.

Securities Analyst

TL;DR: Insider sold 5,000 shares at ~$115.54–$116.42; transaction appears to be routine and fully disclosed.

The reported sales consist of 2,300 shares at a weighted-average price of $115.5431 and 2,700 shares at a weighted-average price of $116.4228. The filer notes these sales occurred in multiple transactions within the stated price ranges and offers to provide a detailed per-price breakdown on request. The Form 4 lists post-sale beneficial ownership figures of 375,088 and 372,388 shares held indirectly. From a market-impact perspective, the disclosed volumes are small relative to large-cap company float and the report conforms to required disclosure standards.

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
Estimated average burden
hours per response:			0.5

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

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)
09/22/2025

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								73,342(1)	D
Common Stock	09/22/2025		S		2,300	D	$115.5431(2)	375,088	I	By Armstrong Family Trust
Common Stock	09/22/2025		S		2,700	D	$116.4228(2)	372,388	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 2,652 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 $115.00 to $115.98 (weighted average of $115.5431), inclusive, and $116.07 to $116.80 (weighted average of $116.4228). 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	09/22/2025
	** 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

What insider transactions did PLMR report on 09/22/2025?

The Form 4 reports that Mac Armstrong sold a total of 5,000 PLMR shares on 09/22/2025: 2,300 shares at a weighted-average price of $115.5431 and 2,700 shares at a weighted-average price of $116.4228.

Who is the reporting person on the PLMR Form 4?

The reporting person is Mac Armstrong, identified as both CEO and Chairman of Palomar Holdings, Inc.

How many shares does the reporting person still beneficially own after the sales?

The filing reports indirect beneficial ownership via the Armstrong Family Trust of 375,088 and 372,388 shares following the reported transactions.

Did the Form 4 disclose any employee stock purchases?

Yes; footnote 1 states the totals include 2,652 shares purchased under the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

Are the sale prices reported exact per-share values?

The Form 4 reports weighted-average prices for the sales ($115.5431 and $116.4228) and notes the shares were sold in multiple transactions across specified price ranges; the filer offers to provide per-price breakdowns on request.