Slide CEO entity sells 118K shares under 10b5-1 plan
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported an indirect open-market sale of common stock by IIM Holdings II, LLC, an entity he controls.
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Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported an indirect open-market sale of common stock by IIM Holdings II, LLC, an entity he controls. The filing shows that IIM Holdings II, LLC sold 118,055 shares on April 20, 2026 at a weighted average price of $19.55 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2025.
After this sale, IIM Holdings II, LLC held 37,052,987 shares of Slide common stock. Lucas reports additional indirect holdings through family trusts and his spouse, but disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Net Seller: 118,055 shares
Net Sell
7 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
Sold
118,055 shs ($2.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 118,055 | $19.55 | $2.31M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,052,987 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,137,546 shares (Direct);
Common Stock — 2,575,837 shares (Indirect, By Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014);
Common Stock — 1,578,999 shares (Indirect, By Spouse);
Common Stock — 1,925,000 shares (Indirect, By Emma Cloonen Irrevocable Trust);
Common Stock — 1,925,000 shares (Indirect, By Ava Cloonen Irrevocable Trust)
Footnotes (8)
- 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 $19.30 to $19.79 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 IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. 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.
- F4. 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 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.
- F5. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 11,676 shares of common stock on April 20, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $19.30 to $19.79 per share.
- F6. Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. 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. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person 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.
- F8. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person 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.
Key Figures
Shares sold: 118,055 shares
Weighted average sale price: $19.55/share
Sale price range: $19.30–$19.79/share
+3 more
6 metrics
Shares sold
118,055 shares
Open-market sale on April 20, 2026 by IIM Holdings II, LLC
Weighted average sale price
$19.55/share
Common stock sold on April 20, 2026
Sale price range
$19.30–$19.79/share
Range of prices for shares sold on April 20, 2026
Shares held by IIM Holdings II, LLC after sale
37,052,987 shares
Indirect holdings after April 20, 2026 transaction
Directly held shares
1,137,546 shares
Common stock reported as directly owned by Bruce Lucas
GRAT holdings
2,575,837 shares
Held by Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025."
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.
Grantor Retained Annuity Trust financial
"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.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Slide Insurance (SLDE) report for Bruce Lucas?
Slide Insurance reported that an entity controlled by CEO Bruce Lucas, IIM Holdings II, LLC, sold 118,055 shares of common stock on April 20, 2026. The transaction was an open-market sale executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Slide Insurance (SLDE) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 notes the shares were sold under a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2025. Such pre-arranged plans automate trading and can reduce the significance of transaction timing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
