Form 4: Palomar Holdings CEO Sells Shares Under Pre-Arranged Plan

Palomar Holdings CEO Mac Armstrong sold 4,000 shares of common stock through a pre-arranged Rule 10b5-1 plan at prices ranging from $137.75 to $141.77.

Summary

• Mac Armstrong, CEO and Chairman of Palomar Holdings, Inc. (PLMR), reported sales of common stock.
• A total of 4,000 shares were sold on July 21, 2025.
• Sales occurred in multiple transactions at weighted average prices: 602 shares at $137.7533, 498 shares at $138.8514, 2,099 shares at $140.0049, 1,701 shares at $141.3185, and 100 shares at $141.77.
• The transactions were executed pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Mac Armstrong's indirect beneficial ownership through the Armstrong Family Trust is 382,388 shares.
• Direct beneficial ownership is 73,245 shares, which includes 2,555 shares purchased via the 2019 Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 5

Explanation: Neutral. The filing reports pre-planned insider sales, which are routine. The future date is unusual but does not inherently imply positive or negative sentiment about the company's performance.

Positives

• Sales were conducted under a Rule 10b5-1 plan, indicating pre-scheduled transactions rather than a reaction to immediate company news.
• The CEO retains significant indirect beneficial ownership of 382,388 shares through the Armstrong Family Trust, in addition to 73,245 direct shares.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market as it reduces the insider's direct stake.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 reports a routine insider transaction under a pre-arranged plan and does not provide information to analyze broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, though mitigated by the 10b5-1 plan.

Key Dates

Recommendation

This Form 4 reports pre-scheduled insider sales by the CEO under a Rule 10b5-1 plan. Such transactions are typically routine and do not reflect a change in the company's fundamental outlook or performance. While insider selling can sometimes be viewed negatively, the pre-planned nature mitigates this concern. The CEO retains significant beneficial ownership. Therefore, based solely on this filing, a 'hold' recommendation is appropriate as it does not provide new information warranting a change in investment strategy.

Keywords

Palomar Holdings, PLMR, Form 4, Insider Trading, Stock Sale, Mac Armstrong, CEO, Rule 10b5-1, Beneficial Ownership