Slide Insurance (SLDE) exec reports 10b5-1 sales while spouse retains large stake
Rhea-AI Filing Summary
Slide Insurance Holdings director and President & COO Lucas Shannon reported pre-planned insider sales through an affiliated entity and updated family holdings. Securus Risk Management LLC, an entity he controls, sold 19,058 and 4,659 shares of common stock in open-market transactions at weighted average prices of $17.03 and $17.12 per share under a Rule 10b5-1 trading plan. After these sales, Securus Risk Management LLC held 1,123,415 and then 1,118,756 indirectly owned shares. The filing also notes that his spouse now owns 1,925,000 shares after selling 237,162 shares between June 10–11, 2026 at prices ranging from $17.00 to $17.23 per share pursuant to a separate 10b5-1 plan, along with additional indirect trust and LLC holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,717 shares
Net Sell
7 txns
Insider
Lucas Shannon
Role
President & COO
Sold
23,717 shs ($404K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,659 | $17.12 | $80K |
| Sale | Common Stock | 19,058 | $17.03 | $325K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,118,756 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 233,900 shares (Direct);
Common Stock — 39,521,544 shares (Indirect, By Spouse)
Footnotes (9)
- F1. These shares were sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025. The plan was terminated effective as of the close of business on June 12, 2026.
- F2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $17.00 to $17.13 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 $17.10 to $17.23 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 237,162 shares of common stock between June 10 - 11, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $17.00 to $17.23 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.
Key Figures
Shares sold by Securus on Jun 10: 19,058 shares at $17.03/share
Shares sold by Securus on Jun 11: 4,659 shares at $17.12/share
Total shares sold by Securus: 23,717 shares
+5 more
8 metrics
Shares sold by Securus on Jun 10
19,058 shares at $17.03/share
Open-market sale under Rule 10b5-1 plan
Shares sold by Securus on Jun 11
4,659 shares at $17.12/share
Open-market sale under Rule 10b5-1 plan
Total shares sold by Securus
23,717 shares
Net reported insider sales in June 2026
Securus holdings after sales
1,118,756 shares
Indirect ownership after June 11, 2026 sale
Spouse shares sold via 10b5-1 plan
237,162 shares at $17.00–$17.23
Sales between June 10–11, 2026
Spouse holdings after sales
1,925,000 shares
Direct spouse ownership post 237,162-share sale
Large LLC spouse holding
34,506,199 shares
Indirectly owned through IIM Holdings II, LLC
Direct shares held by reporting person
233,900 shares
Direct ownership entry dated June 10, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These shares were 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.
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 regulatory
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of her 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 her pecuniary interest therein"
Section 16 regulatory
"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."
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.
FAQ
Were the Slide Insurance (SLDE) insider transactions made under a Rule 10b5-1 trading plan?
Yes, both the Securus Risk Management LLC sales and the spouse’s 237,162-share sale were made pursuant to Rule 10b5-1 trading plans. The filing notes the reporting person’s plan was adopted on November 21, 2025 and terminated effective at the close of business on June 12, 2026.
What Slide Insurance (SLDE) holdings are attributed to the reporting person’s spouse?
The filing shows the spouse owns 1,925,000 Slide Insurance common shares after selling 237,162 shares between June 10–11, 2026. Additional indirect positions are reported through IIM Holdings II, LLC and two irrevocable trusts, with the reporting person disclaiming beneficial ownership beyond any pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
