Slide Insurance COO-linked entity sells 32,263 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported that entity Securus Risk Management LLC, which he controls, sold 32,263 shares of common stock in open-market transactions on March 16–17, 2026 at prices around $18.13–$18.44 per share under a pre-arranged Rule 10b5-1 trading plan. After these sales, Securus Risk Management LLC held 1,553,108 shares indirectly. Separate footnotes disclose that Shannon’s spouse, through various entities and trusts, also beneficially owns and sold additional shares pursuant to a 10b5-1 plan, with Shannon disclaiming beneficial ownership beyond any pecuniary interest.
Insider Trade Summary 10b5-1
Net Seller: 32,263 shares
Net Sell
8 txns
Insider
Lucas Shannon
Role
President & COO
Sold
32,263 shs ($588K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,763 | $18.44 | $180K |
| Sale | Common Stock | 22,500 | $18.13 | $408K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,553,108 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 194,201 shares (Direct);
Common Stock — 46,444,800 shares (Indirect, By Spouse)
Footnotes (10)
- F1. Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025.
- F2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.25 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F3. The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.31 to $18.48 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F5. Represent shares of common stock beneficially owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F6. The amount shown reflects the amount owned by the reporting person's spouse after the sale of 326,216 shares of common stock between March 16-17, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.48 per share.
- F7. Represent shares of common stock beneficially owned by the reporting person's spouse through IIM Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F8. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the reporting person's spouse is the trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F9. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the reporting person's spouse is the trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F10. Represent shares of common stock held by the reporting person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Slide Insurance (SLDE) report for Lucas Shannon?
Slide Insurance reported that an entity controlled by President & COO Lucas Shannon, Securus Risk Management LLC, sold 32,263 shares of common stock in open-market transactions. The trades occurred on March 16–17, 2026, at prices in the high-$18 range under a Rule 10b5-1 trading plan.
Were the Slide Insurance (SLDE) insider sales by Securus Risk Management LLC pre-planned?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans allow pre-scheduled trading, meaning the timing of these March 2026 transactions was set in advance rather than decided opportunistically.
What Slide Insurance (SLDE) holdings remain after the Securus Risk Management LLC sales?
After the reported sales, Securus Risk Management LLC held 1,553,108 Slide Insurance common shares indirectly. The filing also shows 194,201 shares held directly and significant additional indirect holdings through the reporting person’s spouse and related entities, with beneficial ownership disclaimed beyond pecuniary interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
