Form 4: Palomar CEO Gifts Shares from Family Trust

Palomar Holdings CEO and Chairman Mac Armstrong gifted 4,000 shares of common stock from a family trust to a donor-advised fund.

Summary

• Mac Armstrong, CEO and Chairman of Palomar Holdings, Inc., reported a change in beneficial ownership.
• On November 14, 2025, 4,000 shares of common stock were disposed of as a gift.
• The shares were transferred from the Armstrong Family Trust, where Mac Armstrong serves as trustee, to a donor-advised fund as a bona fide charitable gift.
• No financial or other consideration was received by the reporting person for this transfer.
• Following this transaction, Mac Armstrong directly owns 76,374 shares of common stock, which includes 2,652 shares purchased through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
• The Armstrong Family Trust indirectly beneficially owns 363,388 shares of common stock after the reported transaction.

Sentiment

Score: 5

Explanation: The filing reports a charitable gift of shares by an insider, which is a neutral event for the company's operational performance or financial health. It represents a minor reduction in indirect insider ownership.

Positives

• The transaction represents a bona fide charitable gift, indicating philanthropic activity by the reporting person.

Negatives

• The indirect beneficial ownership of common stock by the Armstrong Family Trust decreased by 4,000 shares due to the gift.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• "Shares were transferred as a bona fide charitable gift to a donor advised fund from the Armstrong Family Trust, of which the reporting person is trustee. No financial or other consideration was received by the reporting person in connection with this transfer."

Industry Context

This filing is an insider transaction report and does not provide information related to broader industry trends or competitors.

Related Party Transactions

• Transfer of 4,000 shares from the Armstrong Family Trust (of which the reporting person is trustee) to a donor-advised fund as a bona fide charitable gift.

Stakeholder Impact

• Shareholders: A minor reduction in indirect insider ownership, which is generally viewed neutrally or slightly negatively, though the charitable nature mitigates concerns.

Key Dates

Recommendation

This Form 4 reports a charitable gift of a relatively small number of shares by the CEO from a family trust. It does not indicate any change in the company's fundamentals, operational performance, or strategic direction. Therefore, it does not provide a basis for altering an existing investment thesis, and a 'hold' recommendation remains appropriate.

Keywords

Palomar Holdings, PLMR, Mac Armstrong, insider transaction, Form 4, stock gift, charitable donation, CEO, Chairman