Armstrong Mac 4

What Happened
Mac Armstrong, CEO and Chairman of Palomar Holdings (PLMR), sold a total of 3,500 shares in open-market transactions on March 23, 2026, generating roughly $422,028 in proceeds. The sale was executed in four lots: 400 shares at a weighted average $118.33 ($47,334), 500 shares at $119.47 ($59,734), 1,622 shares at $120.78 ($195,898), and 978 shares at $121.74 ($119,062). These are outright sales (not purchases or option exercises) and, as with most insider sales, should be viewed as routine transactions rather than a direct signal about company performance.

Key Details

• Transaction date: 2026-03-23; Form 4 filed on 2026-03-25 (timely filing).
• Lot details and reported weighted-average prices (per filing):
  • 400 shares — $118.33 (range $117.84–$118.71) — $47,334
  • 500 shares — $119.47 (range $119.26–$119.54) — $59,734
  • 1,622 shares — $120.78 (range $120.41–$121.39) — $195,898
  • 978 shares — $121.74 (range $121.41–$122.11) — $119,062
• Total proceeds: ≈ $422,028.
• Shares owned after transaction: not specified in the provided summary; footnote F1 notes that holdings include 2,754 shares purchased under Palomar’s 2019 ESPP.
• Footnote F2: the prices shown are weighted averages across multiple trades; the filer offers to provide a full per-price breakdown on request.

Context
These were direct open-market sales by Palomar’s CEO/Chairman (no option exercises, gifts, or derivative transactions reported). For retail investors, purchases by insiders often attract more attention as potential bullish signals; routine sales can reflect diversification, tax planning, or liquidity needs. If you need the exact per-trade price breakdown or the total post-sale holdings, the filer or the SEC filing can be requested for full details.