Slide Insurance director converts RSUs, withholds 9,019 shares
A Slide Insurance president and COO reports RSU vesting, tax-share withholding, and large indirect equity holdings on August 31, 2026.
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. (SLDE) director and officer Lucas Shannon reported transactions on August 31, 2026 involving the vesting and conversion of 22,918 restricted stock units into common stock for himself and an additional 22,918 for his spouse, along with 9,019 common shares delivered or withheld to cover exercise price or tax liability. The filing also lists substantial indirect common stock holdings through Securus Risk Management LLC and entities associated with his spouse, with beneficial ownership of those indirect positions disclaimed except to any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,836 shares exercised/converted
Exercise
9 txns
Insider
Lucas Shannon
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F7, F8 | 22,918 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F7, F8, F3 | 22,918 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $23.25 | $210K |
| Exercise | Common Stock F2, F3 | 22,918 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 93,633 contracts (Direct);
Restricted Stock Unit — 93,633 contracts (Indirect, By Spouse);
Common Stock — 275,598 shares (Direct);
Common Stock — 40,563,242 shares (Indirect, By Spouse);
Common Stock — 1,118,756 shares (Indirect, By Securus Risk Management, LLC)
Footnotes (8)
- F1. 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.
- F2. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,918 restricted stock units on August 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F8. These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.
Key Figures
RSUs converted (direct): 22,918 units
RSUs converted (spouse): 22,918 units
Shares delivered/withheld: 9,019 shares
+4 more
7 metrics
RSUs converted (direct)
22,918 units
Restricted stock units converted into common stock on August 31, 2026 for the reporting person
RSUs converted (spouse)
22,918 units
Restricted stock units converted into common stock on August 31, 2026 for the reporting person’s spouse
Shares delivered/withheld
9,019 shares
Common shares delivered or withheld as payment of exercise price or tax liability
Delivery/withholding price
$23.25 per share
Price reported for 9,019 common shares delivered or withheld on August 31, 2026
Indirect holdings via Securus Risk Management LLC
1,118,756 shares
Common stock held indirectly through Securus Risk Management LLC after the reported transactions
RSUs remaining (direct)
93,633 units
Restricted stock units shown as directly held after the August 31, 2026 derivative transaction
RSUs remaining (spouse)
93,633 units
Restricted stock units shown as indirectly held by spouse after the August 31, 2026 derivative transaction
Key Terms
Restricted stock unit, pecuniary interest, tax liability, Section 16, +1 more
5 terms
Restricted stock unit financial
"The securities reported include Restricted Stock Unit awards that convert into common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership except to the extent of her pecuniary interest"
tax liability financial
"9,019 shares of common stock for the payment of the tax liability associated therewith"
Section 16 regulatory
"not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What equity transactions did SLDE insider Lucas Shannon report on August 31, 2026?
He reported the vesting and conversion of 22,918 restricted stock units into common stock for himself and 22,918 for his spouse, plus a disposition of 9,019 common shares delivered or withheld to pay the exercise price or related tax liability.
How many Slide Insurance (SLDE) RSUs did Lucas Shannon exercise or convert in this Form 4?
The filing shows 22,918 restricted stock units converted into common stock directly and another 22,918 RSUs converted for his spouse, each RSU representing a contingent right to receive one share of common stock upon vesting.
What indirect Slide Insurance (SLDE) holdings are reported for Lucas Shannon?
The filing lists 1,118,756 common shares held indirectly through Securus Risk Management LLC, an entity controlled by the reporting person, and additional indirect holdings beneficially owned by his spouse and related trusts, with beneficial ownership disclaimed except to any pecuniary interest.
Were Lucas Shannon’s SLDE transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the August 31, 2026 transactions were executed pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
What is the vesting schedule for the SLDE restricted stock units reported in this filing?
The restricted stock units vest in 24 equal monthly installments beginning on January 1, 2025 and ending on December 31, 2026, subject to the reporting person’s continued employment or service through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
