PLMR Palomar Holdings, Inc.

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

Bought back stock in 3/4 quarters. Q1 2026: $0M, Q3 2024: $7M, Q2 2024: $9M, Q1 2024: $7M

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

Latest quarter $0M vs trailing avg $7M (-100%)

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

Buyback $22M / FCF $73M = 30% 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?

3 open-market purchases by 2 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
• Notaras Martha () bought 100 shares at $119.92 on 2025-08-07

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 3 quarters and 3 insider purchases by 2 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 $7M 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 114.5x more than bought. 7 C-suite officers among sellers

• Armstrong Mac (CEO and Chairman) sold 1,622 shares on 2026-04-21
• Armstrong Mac (CEO and Chairman) sold 678 shares on 2026-04-21
• Armstrong Mac (CEO and Chairman) sold 1,200 shares on 2026-04-21
• Armstrong Mac (CEO and Chairman) sold 3,197 shares on 2026-04-15
• Christianson Jon (President) sold 1,857 shares on 2026-04-15
• Christianson Jon (President) sold 80 shares on 2026-04-15
• Christianson Jon (President) sold 3,000 shares on 2026-04-07
• Armstrong Mac (CEO and Chairman) sold 400 shares on 2026-03-23
• Armstrong Mac (CEO and Chairman) sold 500 shares on 2026-03-23
• Armstrong Mac (CEO and Chairman) sold 1,622 shares on 2026-03-23