Slide Insurance (NYSE: SLDE) CRO sells 5,000 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. Chief Risk Officer Matthew Paul Larson executed a pre-planned option exercise and share sale in SLDE stock. On May 4, 2026, he exercised stock options to acquire 5,000 shares of Common Stock at $0.79 per share and sold 5,000 shares in an open-market transaction at a weighted average price of $18.57 per share, with individual sale prices ranging from $18.30 to $19.01, under a Rule 10b5-1 trading plan adopted on December 4, 2025. Following the derivative transaction, his Stock Option (Right to Buy) position totaled 50,248 options that are fully vested and exercisable and are scheduled to expire on February 24, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($92,850)
Net Sell
3 txns
Insider
LARSON MATTHEW PAUL
Role
Chief Risk Officer
Sold
5,000 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.79 | $4K |
| Sale | Common Stock | 5,000 | $18.57 | $93K |
Holdings After Transaction:
Stock Option (Right to Buy) — 50,248 shares (Direct, null);
Common Stock — 5,000 shares (Direct, null)
Footnotes (1)
- Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 4, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.30 to $19.01 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. These stock options are fully vested and exercisable.
Key Figures
Shares sold: 5,000 shares
Weighted average sale price: $18.57 per share
Options exercised: 5,000 shares
+3 more
6 metrics
Shares sold
5,000 shares
Open-market sale of common stock on May 4, 2026
Weighted average sale price
$18.57 per share
Sale of 5,000 SLDE shares, prices from $18.30 to $19.01
Options exercised
5,000 shares
Stock option exercise to acquire common stock on May 4, 2026
Option exercise price
$0.79 per share
Conversion of Stock Option (Right to Buy) into common shares
Options outstanding after transaction
50,248 options
Stock Option (Right to Buy) position following the exercise
Option expiration date
February 24, 2032
Expiry for Stock Option (Right to Buy) linked to SLDE common stock
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), weighted average price, fully vested and exercisable, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying Common Stock"
weighted average price financial
"Represents the weighted average price of the shares sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
fully vested and exercisable financial
"These stock options are fully vested and exercisable"
open-market sale financial
"transaction_action: "open-market sale" for 5,000 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did SLDE Chief Risk Officer Matthew Paul Larson do in this Form 4?
Matthew Paul Larson exercised options for 5,000 SLDE shares at $0.79 and sold 5,000 shares in an open-market transaction. These coordinated transactions reflect an option exercise-and-sell pattern executed under a Rule 10b5-1 trading plan.
Were Matthew Paul Larson’s SLDE transactions pre-planned under Rule 10b5-1?
Yes. The filing states the exercise and sale were completed under a Rule 10b5-1 trading plan adopted on December 4, 2025. Such plans allow insiders to schedule trades in advance, reducing the importance of short-term market timing.
What SLDE stock option holdings remain after Matthew Paul Larson’s transactions?
After the reported transactions, Larson’s Stock Option (Right to Buy) position shows 50,248 options outstanding. These options relate to SLDE common stock, are fully vested and exercisable, and are scheduled to expire on February 24, 2032.