Armstrong Mac, CEO and Chairman, has demonstrated a consistent selling bias in recent months, exclusively divesting shares of Palomar Holdings, Inc. (PLMR) across multiple transactions totaling approximately $3.6 million since late January 2026. The most significant single sale occurred on January 28, 2026, when Mac disposed of shares worth $1.38 million, followed by two additional sales exceeding $300,000 each on January 29. Activity intensified in February and March, with Mac executing a cluster of smaller transactions ranging from $12,614 to $161,712 on February 12 and four additional sales between $47,333 and $195,898 on March 23.
This pattern extends Mac’s long-term disposition trend, with SEC filings showing 53 historical sales totaling $8.9 million in PLMR shares and zero recorded purchases. The recent transactions—20 sales in under three months—suggest an accelerated pace of divestment compared to historical activity. While the filings include several $0-value transactions marked as "M" (derivative) or "A" (acquisition) codes, all monetized activity reflects open-market sales. The absence of any buying activity across Mac’s entire filing history indicates a singular focus on reducing PLMR exposure rather than rebalancing or diversifying holdings.
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