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Slide Insurance (NASDAQ: SLDE) launches new $125M share repurchase program

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Slide Insurance Holdings, Inc. announced that its board has authorized a new common stock repurchase program of up to $125 million of its shares. The authorization is effective immediately, has no expiration date, and may be modified, suspended or discontinued at any time.

The company also reported it has completed its initial $120 million repurchase program, under which it bought 7,109,417 shares at a weighted average price of $16.88. Future repurchases may occur through open-market purchases, privately negotiated transactions or Rule 10b5-1 plans, with timing and amounts driven by market conditions and the company’s capital needs.

Positive

  • None.

Negative

  • None.

Insights

Slide adds a fresh $125M buyback after completing a prior $120M program.

Slide Insurance has finished a $120 million repurchase, acquiring 7,109,417 shares at a weighted average price of $16.88, and immediately authorized a new $125 million buyback. This signals ongoing use of excess capital to reduce share count.

Repurchases can support per-share metrics when funded from strong free cash flow, as management highlights. Actual impact will depend on execution pace, market prices and any changes to the authorization, which has no set end date and can be modified or suspended.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 23, 2026

 

 

Slide Insurance Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-42707

87-1554861

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

4221 W. Boy Scout Blvd., Suite 200

 

Tampa, Florida

 

33607

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 813 748-2030

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

SLDE

 

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


 

Item 7.01 Regulation FD Disclosure.

On March 23, 2026, Slide Insurance Holdings, Inc. (the “Company”) announced that its Board of Directors has authorized a common stock repurchase program for an aggregate authorization of up to $125 million. Under the repurchase program, the Company may purchase shares of common stock from time to time through open market repurchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques. Our stock repurchase program does not have an expiration date. The timing and number of shares repurchased will depend on a variety of factors, including stock price, trading volume, applicable legal requirements, and general business and market conditions. The repurchase program does not obligate the Company to repurchase any of its common stock. A copy of the press release announcing the common stock repurchase program is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information contained in this Item 7.01 and in Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by reference into such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.

Description

99.1

Press Release dated as of March 23, 2026

104

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

 

 

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Slide Insurance Holdings, Inc.

 

 

 

 

Date:

March 23, 2026

By:

/s/ Andy Omirdis

 

 

 

Name: Andy Omiridis
Title: Chief Financial Officer

 

 

 


Exhibit 99.1

img99825803_0.jpg

Slide Announces New Stock Repurchase Program of $125 Million

 

TAMPA, Fla., March 23, 2026 – Slide Insurance Holdings, Inc. (“Slide” or the “Company”) (Nasdaq: SLDE) today announced that it has completed its initial $120 million common stock repurchase program and that its Board of Directors has authorized a new common stock repurchase program of $125 million. The authorization is effective immediately, has no time limit, and may be modified, suspended or discontinued at any time.

 

“We are pleased that the Board has authorized a new $125 million stock repurchase program, reflecting confidence in our long-term growth strategy, superior underwriting capabilities and robust capital position,” said Bruce Lucas, Chairman and Chief Executive Officer of Slide. “Given the abundant capital we maintain to successfully execute on our diversified growth strategy and the ability of our business model to generate significant free cash flow, we will opportunistically repurchase common stock when we believe it is below fair value and further create long-term value for our shareholders. At current levels, we believe it is very accretive for Slide to repurchase common stock.”

 

Under the prior completed program, Slide repurchased 7,109,417 common shares at a weighted average share price of $16.88.

 

Share repurchases under the stock repurchase program may be made in the open market at prevailing market prices, through privately negotiated transactions, or through other structures in accordance with applicable federal securities laws, at times and in amounts as management deems appropriate. The timing and the amount of any common stock repurchases will be determined by the Company’s management based on its evaluation of market conditions, the company’s liquidity needs, corporate and regulatory requirements and restrictions, share price, trading volume and other factors. Repurchases of common stock may be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the company might otherwise be precluded from doing so under insider trading laws. The repurchase program does not obligate the company to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.

 

Forward-Looking Statements

 

Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “aim,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology and relate, without limitation, to the Company’s beliefs and expectations regarding the Company’s projections of future financial performance including net margins and its share repurchase program and its ability to increase return on equity and build long-term value for shareholders. These statements are only predictions based on Slide’s current expectations and projections about future events and are not guarantees of actual results, level of activity, performance or achievements. Although Slide believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, there are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from those anticipated in any forward-looking statements, including, among others, our limited operating history; the success of the Company’s underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on such models as a tool to evaluate risk; the impact of macroeconomic conditions,

 

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img99825803_0.jpg

including declining consumer confidence, inflation, high unemployment and the threat of recession; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; performance of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission.

 

Any forward-looking statement made by Slide in this press release speak only as of the date on which it is made. Slide undertakes no obligation to update any forward-looking statement, whether as a result of new information, actual results, revised expectations or otherwise, except as may be required by law.

 

About Slide

Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide's cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes. For more information, please visit https://www.slideinsurance.com.

 

Contacts

 

Investors

ir@slideinsurance.com

 

Media

Rachel Carr

Chief Marketing Officer

press@slideinsurance.com

 

 

 


FAQ

What did Slide Insurance Holdings (SLDE) announce in its latest 8-K?

Slide Insurance Holdings announced that its board authorized a new common stock repurchase program of up to $125 million, effective immediately and without an expiration date. The company may buy shares in the open market, private deals, or via Rule 10b5-1 plans.

How large is Slide Insurance’s new stock repurchase program?

The new Slide Insurance repurchase program authorizes up to $125 million of common stock. This authorization is open-ended, can be modified, suspended or discontinued, and gives management flexibility to buy back shares depending on market conditions and capital needs.

What did Slide Insurance (SLDE) complete under its prior buyback program?

Under its initial repurchase program, Slide Insurance completed $120 million of buybacks. It repurchased 7,109,417 common shares at a weighted average price of $16.88, then moved to authorize an additional $125 million stock repurchase program.

How will Slide Insurance execute its $125 million share repurchase?

Slide Insurance may repurchase shares in the open market at prevailing prices, through privately negotiated transactions, or using other structures. Buybacks can also occur under a Rule 10b5-1 plan, allowing purchases during periods when normal trading might be restricted.

Does Slide Insurance have to repurchase a specific number of shares?

Slide Insurance is not obligated to repurchase any particular number of shares under the $125 million authorization. Management will decide timing and amounts based on share price, trading volume, liquidity needs, regulatory considerations and overall market conditions.

Why does Slide Insurance’s management support the new repurchase program?

Management cites abundant capital, strong free cash flow and confidence in Slide’s growth strategy and underwriting as reasons to continue repurchases. They state that buying shares when trading below perceived fair value can be accretive and support long-term shareholder value.

Filing Exhibits & Attachments

2 documents
Slide Insurance Holdings Inc.

NASDAQ:SLDE

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2.11B
69.44M
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States
TAMPA