Insider-linked entities trim Slide Insurance (SLDE) stake via 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported that Securus Risk Management LLC, an entity he controls, sold 18,874 shares of common stock in an open-market transaction at a weighted-average price of $18.04 per share, under a Rule 10b5-1 trading plan adopted on November 21, 2025. Following this sale, Securus Risk Management LLC holds 1,382,574 shares of Slide Insurance common stock.
Shannon also reports 208,101 shares held directly and additional indirect holdings through his spouse and related entities, including LLCs and irrevocable trusts. Footnotes state that both he and his spouse disclaim beneficial ownership of these indirect holdings except to the extent of their pecuniary interest. A separate footnote notes that his spouse sold 190,836 shares on April 14, 2026 pursuant to a 10b5-1 trading plan at prices between $18.00 and $18.09 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 18,874 shares ($340,487)
Net Sell
7 txns
Insider
Lucas Shannon
Role
President & COO
Sold
18,874 shs ($340K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,874 | $18.04 | $340K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,382,574 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 208,101 shares (Direct)
Footnotes (1)
- Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.09 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. 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. 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 190,836 shares of common stock on April 14, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.09 per share. 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. 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. 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. 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.
Key Figures
Shares sold by Securus Risk Management LLC: 18,874 shares
Weighted-average sale price: $18.04 per share
Securus holdings after sale: 1,382,574 shares
+2 more
5 metrics
Shares sold by Securus Risk Management LLC
18,874 shares
Open-market sale on April 14, 2026
Weighted-average sale price
$18.04 per share
Securus sale; prices ranged $18.00–$18.09
Securus holdings after sale
1,382,574 shares
Common stock held indirectly after April 14, 2026
Direct holdings by Lucas Shannon
208,101 shares
Common stock held directly after reported transactions
Spouse sale under 10b5-1 plan
190,836 shares
Sold April 14, 2026 at $18.00–$18.09 per share
Key Terms
10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
10b5-1 trading plan regulatory
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
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.
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.
pecuniary interest financial
"except to the extent of her pecuniary interest therein"
Grantor Retained Annuity Trust financial
"held by the Reporting Person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
What insider transaction did Slide Insurance (SLDE) report for Lucas Shannon?
Slide Insurance reported that an entity controlled by Lucas Shannon, Securus Risk Management LLC, sold 18,874 shares of common stock in an open-market trade at a weighted-average price of $18.04 per share, executed under a Rule 10b5-1 trading plan adopted in November 2025.
What is Lucas Shannon’s reported Slide Insurance (SLDE) ownership after this Form 4?
After the reported sale, Securus Risk Management LLC holds 1,382,574 Slide Insurance shares. Shannon also reports 208,101 shares held directly plus several additional indirect holdings through his spouse and related entities, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
Was the Slide Insurance (SLDE) insider sale pre-planned under Rule 10b5-1?
Yes. The filing states the 18,874-share sale by Securus Risk Management LLC was executed under a Rule 10b5-1 trading plan adopted on November 21, 2025, indicating the trade was pre-scheduled rather than a discretionary, opportunistic transaction by Lucas Shannon.
What additional Slide Insurance (SLDE) sales are disclosed for Lucas Shannon’s spouse?
A footnote explains that Shannon’s spouse sold 190,836 Slide Insurance shares on April 14, 2026 under a 10b5-1 trading plan at prices between $18.00 and $18.09 per share, and that the reported indirect ownership amounts reflect holdings after this spouse-led transaction.