Armstrong Mac has filed a Form 144 to sell 3,500 shares of Palomar Holdings, valued at approximately $491,855. This filing is significant as it reflects the ongoing activity of insiders in the insurance sector, particularly during a time of market adjustments.
Armstrong Mac is identified as an entity that engages with Palomar Holdings, Inc., a company classified under the SIC code for fire, marine, and casualty insurance. The recent filing, dated October 21, 2026, is part of a series of transactions involving shares of Palomar Holdings, which is traded on NASDAQ.
The filing details that the shares were acquired through performance stock units, indicating a structured compensation plan for insiders. The notice signature on the filing is attributed to David M. Armstrong, who is both a director and officer of Armstrong Mac.
According to the filing, the shares sold on October 21, 2026, were part of a broader trend of insider selling, with previous transactions reported on September 21 and August 21, 2026, where similar amounts of shares were sold, generating gross proceeds of approximately $472,444.35 and $457,111.20, respectively.
This activity may influence perceptions of insider confidence within the industry, as it comes amid ongoing discussions about the future of the insurance market. The filing does not specify what actions may follow this sale, leaving the next steps unclear.