Form 4: Armstrong Mac reports sale transactions in PLMR

Rhea-AI Filing Summary

Armstrong Mac reported open-market sale transactions in a Form 4 filing for PLMR. The filing lists transactions totaling 5,000 shares at a weighted average price of $122.60 per share. Following the reported transactions, holdings were 348,088 shares.

Insights

Equity ownership and insider-transactions analyst

CEO Mac Armstrong reported routine open-market sales via a family trust while retaining substantial holdings.

Palomar’s CEO and Chairman, Mac Armstrong, reported multiple open-market sales of common stock on February 12, 2026, all executed indirectly through the Armstrong Family Trust. Each trade used transaction code “S”, indicating open-market or private sale transactions in the company’s common stock.

Weighted average sale prices ranged from $117.5767 to $128.2546 per share across several blocks, illustrating sales spread over a price range rather than a single print. After these trades, indirect holdings through the trust were 343,388 shares, and direct holdings were 98,904 shares, including 2,652 acquired through the 2019 ESPP.

The filing reflects an adjustment, not an exit, as Armstrong remains a significant shareholder through both direct ownership and the family trust. The footnote describing weighted-average prices also notes that detailed breakdowns by exact execution price are available on request, consistent with standard practice for aggregated Form 4 price reporting.

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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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).

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)
02/12/2026

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								98,904(1)	D
Common Stock	02/12/2026		S		300	D	$117.5767(2)	348,088	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		1,100	D	$119.4245(2)	346,988	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		500	D	$120.574(2)	346,488	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		246	D	$121.3225(2)	346,242	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		1,308	D	$123.6333(2)	344,934	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		1,023	D	$124.7764(2)	343,911	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		100	D	$126.1469(2)	343,811	I	By Armstrong Family Trust
Common Stock	02/12/2026		S		423	D	$128.2546(2)	343,388	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 $117.27 to $117.73 (weighted average of $117.5767), inclusive; $119.02 to $119.88 (weighted average of $119.4245),inclusive; $120.12 to $121.02 (weighted average of $120.5740), inclusive; $121.16 to $121.5 (weighted average of $121.3225), inclusive; $123.12 to $124.04 (weighted average of $123.6333), inclusive; $124.23 to $125.15 (weighted average of $124.7764), inclusive; $126.06 to $126.17 (weighted average of $126.1469), inclusive; and $127.51 to $128.4 (weighted average of $128.2546), inclusive. 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	02/13/2026
	** 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 transaction did Palomar Holdings (PLMR) report for Mac Armstrong?

Palomar Holdings reported that CEO and Chairman Mac Armstrong executed multiple open-market sales of common stock on February 12, 2026 through the Armstrong Family Trust. These Form 4 transactions involved several separate trades in PLMR shares at different weighted average prices during that day.

At what prices were the Palomar Holdings (PLMR) shares sold in Mac Armstrong’s Form 4?

The reported sales used weighted average prices between $117.5767 and $128.2546 per share. Each block of shares reflects multiple executions within a specified intraday range, with the filing stating that detailed breakdowns by individual execution price are available upon request from the reporting person.

How many Palomar Holdings (PLMR) shares does Mac Armstrong hold after this Form 4?

After the reported transactions, Mac Armstrong indirectly held 343,388 Palomar common shares through the Armstrong Family Trust and directly held 98,904 shares. The direct holdings figure includes 2,652 shares purchased under Palomar Holdings, Inc.’s 2019 Employee Stock Purchase Plan (ESPP).

Were Mac Armstrong’s Palomar (PLMR) share sales made directly or through an entity?

All reported sales were made indirectly through the Armstrong Family Trust, noted as the nature of ownership in the filing. The indirect ownership designation means the trust, rather than Armstrong personally, is the direct holder of the sold shares, though they are attributed to him for reporting.

What does the weighted average price disclosure mean in the Palomar (PLMR) Form 4?

The filing explains that each reported price is a weighted average of multiple executions within a price range. For example, one block covers trades from $117.27 to $117.73 with a $117.5767 average. The reporting person offers to provide exact trade-by-trade prices upon request.

Does the Form 4 mention Palomar (PLMR) shares from an employee stock purchase plan?

Yes. A footnote states that Mac Armstrong’s direct holdings of 98,904 shares include 2,652 shares purchased through Palomar Holdings, Inc.’s 2019 Employee Stock Purchase Plan (ESPP). This clarifies that part of his stake comes from ongoing employee share purchase participation.