PLMR Palomar Holdings, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q2 2026: $0M, Q1 2026: $0M, Q3 2024: $7M, Q2 2024: $9M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $5M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $15M / FCF $25M = 60% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 1,032,550 shares = 3.9% of 26,520,417 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 1 insiders

• Taketa Richard H () bought 500 shares at $120.76 on 2025-08-19
• Taketa Richard H () bought 500 shares at $121.14 on 2025-08-18

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 2 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $11M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 188.6x more than bought. 7 C-suite officers among sellers

• Herve Rodolphe (Chief Operating Officer) sold 389 shares on 2026-07-31
• Herve Rodolphe (Chief Operating Officer) sold 818 shares on 2026-07-31
• Armstrong Mac (CEO and Chairman) sold 2,103 shares on 2026-07-21
• Armstrong Mac (CEO and Chairman) sold 937 shares on 2026-07-21
• Armstrong Mac (CEO and Chairman) sold 260 shares on 2026-07-21
• Armstrong Mac (CEO and Chairman) sold 200 shares on 2026-07-21
• Christianson Jon (President) sold 3,000 shares on 2026-07-20
• Armstrong Mac (CEO and Chairman) sold 3,197 shares on 2026-07-15
• Armstrong Mac (CEO and Chairman) sold 57,544 shares on 2026-07-15
• Christianson Jon (President) sold 2,434 shares on 2026-07-02