Form 4: Palomar Holdings CFO Sells Shares Under 10b5-1 Plan

Palomar Holdings' Chief Financial Officer, T Christopher Uchida, sold 1,030 shares of common stock at $109.65 per share on January 22, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc., sold 1,030 shares of common stock on January 22, 2025.
• The sale was executed at a price of $109.65 per share.
• This transaction was conducted under a pre-arranged trading plan, specifically a 10b5-1 plan.
• Following the transaction, Mr. Uchida directly owns 16,258 shares of Palomar Holdings common stock.
• The total number of shares owned prior to the transaction was 17,288, which includes 1,666 shares purchased through the company's Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 5

Explanation: The document reports a routine insider sale under a pre-arranged plan, which is neither particularly positive nor negative. It's a neutral event.

Risks

• Sales by company insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice in the industry, allowing insiders to sell shares while avoiding accusations of trading on non-public information.
• The volume of shares sold is relatively small compared to the total outstanding shares of Palomar Holdings, suggesting it is not a major event.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on shareholder sentiment, but it is unlikely to cause a significant change in the stock price given the relatively small volume and the pre-planned nature of the transaction.

Key Dates

Keywords

Palomar Holdings, insider trading, Form 4, 10b5-1 plan, stock sale, T Christopher Uchida, CFO, PLMR, equity securities